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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory 85 units @ $ 14.00 = $ 1,190
Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory 85 units @ $ 14.00 = $ 1,190 Mar. 14 Purchased 300 units @ $ 15.00 = 4,500 July 30 Purchased 550 units @ $ 16.00 = 8,800 Units available for sale 935 units Cost of goods available for sale $ 14,490 Urban Glam Cosmetics made sales on the following dates at a selling price of
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