Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 38 Purchased Units available for sale Cost of goods available for sale 105 units @ $12.00 = $ 1,260 400 units @ $13.00 . 5,200 650 units @$14.00 + 9,100 1,155 units $15,560 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The 1015 units were follows: Jan. 10: Mar. 15: 85 units from beginning inventory 18 units from beginning inventory, and 312 units from the March 14 purchase 65 units from the March 14 purchase, and 535 units from the July 3e purchase Oct. 5: Calculate cost of goods sold and the gross profit. 2 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The 1015 units were specifically sold as follows: San. 10: 85 units from beginning inventory Mar. 15: 18 units from beginning inventory, and 312 units from the March 14 purchase Oct. 5: 65 units from the March 14 purchase and 535 units from the July 30 purchase Calculate cost of goods sold and the gross profit Cost of goods sold Gross profit