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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 available

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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 available for sale Cost of goods available for sale 107 units $13.00 - $ 1,391 410 units @ $14.00 5,740 660 units $15.00 9,900 1,177 units $17,031 OH Urban Glam Cosmetics made sales on the following dates at a selling price of $36 per unit: inces Jan. 10 Mar. 15 Oct. 5 Totals 86 units 340 units 610 units 1,036 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 rous intermediate calculations. Round your final answers to 2 decimal places.) Check my w 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.) Ending liventory Cost of Goods a FIFO Moving weighted average 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

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