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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory 1 0 3 units @ $ 1 4

Urban Glam Cosmetics made purchases of lipstick in the current year as follows:
Jan. 1 Beginning inventory 103 units @ $ 14.00= $ 1,442
Mar. 14 Purchased 390 units @ $ 15.00=5,850
July 30 Purchased 640 units @ $ 16.00=10,240
Units available for sale 1,133 units
Cost of goods available for sale $ 17,532
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 994 units were specifically sold as follows:
Jan. 10: 84 units from beginning inventory
Mar. 15: 17 units from beginning inventory, and
303 units from the March 14 purchase
Oct. 5: 64 units from the March 14 purchase, and
526 units from the July 30 purchase
Calculate cost of goods sold and the gross profit.

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