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 Cost of goods available for sale 75 units @ $12.00 250 units @ $13.00 500 units @ $14.00 825 units Jan. 10 70 units Mar. 15 180 units Oct. 5 450 units Totals 700 units Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Required: The business uses a perpetual inventory system. $ 900 3,250 7,000 Ending Inventory $ 11,150 1. Determine the costs that should be assigned to the ending inventory and to goods sold under the following methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Cost of Goods Sold

Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Urban Glam Cosmetics made sales on the following dates ot a selling price of $35 per unit: Required: The business uses a perpetual inventory system 1. Determine the costs thot should be ossigned to the ending inventory and to goods soid under the following methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) 1. Determine the costs that should be assigned to the ending inventory and to goods sold under the following methods. (Do not round intermediate calculations, Round your final answers to 2 decimal places.) 2. Also colculote the gross profit under eoch method. (Do not round intermediate colculations. Round your final answers to 2 decimal places.)