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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 1 4 Purchased July 3 0 Purchased

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
1,111 units
Cost of goods available for sale
$16,083
Urban Glam Cosmetics made sales on the following dates at a selling price of $36 per unit:
Assume that Urban Glam Cosmetics uses the specific identification method to cost inventory. The 973 units were specifically sold as follows:
Jan. 10: 83 units from beginning inventory
Mar. 15: 16 units from beginning inventory, and 294 units from the March 14 purchase
Oct. 5: 63 units from the March 14 purchase, and
517 units from the July 30 purchase
Calculate cost of goods sold and the gross profit.
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