Urban Glam Cosmetics made purchases of lipstick in the current year as follows:

Jan.

$15$

$1$ Beginning inventory

$115$ units

e $$14\mathrm{.}00$

$ $1,610$

Mar. $14$ Purchased

$450$ units

@ $$15\mathrm{.}00$

$6,750$

July $30$ Purchased

$700$ units

@ $$16\mathrm{.}00$

$11,200$

Units available for sale

$1,265$ units

Cost of goods available for sale

$$19,560$

x

$01$:$03\mathrm{.}52$

Urban Glam Cosmetics made sales on the following dates at a selling price of $$34$ per unit:

Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The $1,120$ units were specifically sold as follows:

Jan.

Mar

Oct.

$10$:

$15$:

$5$:

$90$

units from beginning inventory

$23$

units

from beginning inventory, and

$357$

$70$

units

from the March $14$ purchase

units

from the March $14$ purchase, and

$580$ units

from the July $30$ purchase

Calculate cost of goods sold and the gross profit.

Cost of goods sold

Gross profit

Prex

$7$