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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 111

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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 111 units 430 units $12.00 - $ 1,332 $13.00 5,590 Units available for sale 680 units @ $14.00 1,221 units 9,520 Cost of goods available for sale $16,442 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Jan. 10 88 units Mar. 15 360 units Oct. 5 630 units Totals 1,078 units 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 metin intermediate calculations. Round your final answers to 2 decimal places.)

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