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Urban Glam Cosmetics made purchases of lipstick in the current year as follows Jan. 1 Beginning inventory Mar. 14 Purchased July 20 Purchased Units available

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Urban Glam Cosmetics made purchases of lipstick in the current year as follows Jan. 1 Beginning inventory Mar. 14 Purchased July 20 Purchased Units available for sale Cost of goods available for sale 113 units $13.00 440 units $14.00- 690 units $15.00 1,243 units $ 1,469 6,160 10, 350 $17,979 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 1099 units were specifically sold as follows Jan. 101 89 units from beginning inventory Har 151 22 units from beginning Inventory and 348 units from the March 14 purchase oct. 51 69 units from the March 14 purchase, and 571 units from the Duly 30 purchase Calculate cost of goods sold and the gross profit Cost of goods sold Gross profit

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