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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning Inventory Mart. 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 Mart. 14 Purchased July 30 Purchased Units available for sale Cost of goods available for sale 105 units @ $12.00 = $ 1,268 400 units @ $13.00 5,200 65@units @ $14.00 9,100 1,15Sunits $15,560 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit Jan. 1 Mar 15 Octs Totals 85 units 33e units 600 units 1,815 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 Intermediate calculations. Round your final answers to 2 decimal places Ending Inventory Cost of Goods Sold SFIRO 1. 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 FIFO Prev

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