Urban Glam Cosmetics made purchases of lipstick in the current year as follows Jan. 1 Beginning inventory Mar 14 Purchased 105 units $12.00 31,200 400 units $13.00 July 30 Purchased Units available for sale 650 units $14.00 1.155units 5,200 9.100 Cost of goods available for sale $15,560 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit Jan. 10 85 units Hac 15 330 units Oct 5 600 units Totals 4,015 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 methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) a FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold 15,560.00 $ 13,627.00 2. Also calculate the gross profit under each method (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Gross Profit a FIFO b Moving weighted average S 21.898 00