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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Urban Glam Cosmetics made sales on the following dates at a selling
Urban Glam Cosmetics made purchases of lipstick in the current year as follows: 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. 1. Determine the costs that should be assigned to the ending inventory and to goods sold intermediate calculations. Round your final answers to 2 decimal places.) 2. Also calculate the gross profit under each method. (Do not round intermediate colculations. Round your final answors to 2 decimal ploces.]
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