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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 89

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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 89 units @ $13.00 = $ 1,157 320 units @ $14.00 = 4,480 570 units @ $15.00 = 8,550 979 units Cost of goods available for sale $14,187 Units available for sale Urban Glam Cosmetics made sales on the following dates at a selling price of $36 per unit: Jan. 10 77 units Mar. 15 250 units Oct. 5 520 units Totals 847 units Check my work Required: The business uses a perpetual inventory system. 1. Determine the costs that should be assigned to the ending inventory and to goods sold under the following methods. (Do not round

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