Urban Glam Cosmetics made purchases of lipstick in the current year as follows:

Jan. 1 Beginning inventory		115	units		@	$	14.00		=	$	1,610
Mar. 14 Purchased		450	units		@	$	15.00		=		6,750
July 30 Purchased		700	units		@	$	16.00		=		11,200
Units available for sale		1,265	units
Cost of goods available for sale										$	19,560

Urban Glam Cosmetics made sales on the following dates at a selling price of $34 per unit:

Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The 1,120 units were specifically sold as follows:

Jan.	10:	90	units from beginning inventory
Mar.	15:	23	units from beginning inventory, and
		357	units from the March 14 purchase
Oct.	5:	70	units from the March 14 purchase, and
		580	units from the July 30 purchase

Calculate cost of goods sold and the gross profit

Cost of goods sold
Gross profit