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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: 1 Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units

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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: 1 Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units available for sale 79units @ $14.00 270units @ $15.00 520units @ $16.00 $ 1,106 4,050 8,320 8 69 units $13, 476 Cost of goods available for sale Ipped Urban Glam Cosmetics made sales on the following dates at a selling price of $34 per unit: Book Print Jan. Mar. 10 15 5 72 units 200 units 470 units 742 units Oct. Totals Required: The business uses a perpetual inventory system. 1. Determine the costs that should be assigned to the ending inventory and to goods sold under the following intermediate calculations. Round your final answers to 2 decimal places.) cer 6 Practice Assignment - Part B (Problems) 0 Saved Required: The business uses a perpetual inventory system. 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.) Ending Inventory Cost of Goods Sold ped a FIFO b. Moving weighted average ok nat 2. Also calculate the gross profit under each method. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Gross Profit a FIFO b. Moving weighted average

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