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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased 109 units $14.00 =
Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased 109 units $14.00 = $ 1,526 July 30 Purchased 420 units @ $15.00 670 units @ $16.00 = 6,300 10,720 Units available for sale 1,199 units Cost of goods available for sale $18,546 Urban Glam Cosmetics made sales on the following dates at a selling price of $34 pe Jan. 10. 87 units Mar. 15 350 units Oct. 620 units Totals 1,057 units.
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