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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units
Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units available for sale 101 units @ $13.00 = $ 1,313 380 units @ $14.00 = 630 units @ $15.00 5,320 = 9,450 1,111 units Cost of goods available for sale $16,083 Urban Glam Cosmetics made sales on the following dates at a selling price of $36 per unit: Jan. 10 83 units Mar. 15 310 units Oct. 5 580 units Totals 973 units Required:
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