Urban Glam Cosmetics made purchases of lipstick in the current year as follows:

Jan. 1 Beginning inventory 113 units @ $ 13.00 = $ 1,469 Mar. 14 Purchased 440 units @ $ 14.00 = 6,160 July 30 Purchased 690 units @ $ 15.00 = 10,350 Units available for sale 1,243 units Cost of goods available for sale $ 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 1,099 units were specifically sold as follows:

Jan. 10: 89 units from beginning inventory Mar. 15: 22 units from beginning inventory, and 348 units from the March 14 purchase Oct. 5: 69 units from the March 14 purchase, and 571 units from the July 30 purchase

Calculate cost of goods sold and the gross profit.

mheducation.com/ext/map/index.html? con=con&external browser=0&laundhUrl=https%253A%252F%252Fnewconnect.m Maps Practice Assignment - Part B (Problems) Saved Urban Glam Cosmetics made purchases of lipstick in the current yean as follows: $ 1,469 40 tur un 100 10.350 Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units available for sale Cost of goods available for sale 24 Blunt $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 specificidentification method to cost inventory. The 1,099 units were sp follows: Jan. 10: Mar. 15: 89 units from beginning inventon 22 units from beginning inventory 348 units from the March 14 purchase 69 units from the March 14 purchase and 571 units from the July 30 purchase Oct. 5: Calculate cost of goods sold and the gross profit. Cost of goods sold Gross profit Dr