Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory 81 units @ $ 13.00 = $ 1,053 Mar. 14 Purchased 280 units @ $ 14.00 = 3,920 July 30 Purchased 530 units @ $ 15.00 = 7,950 Units available for sale 891 units Cost of goods available for sale $ 12,923 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Jan. 10 73 units Mar. 15 210 units Oct. 5 480 units Total 763 units

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

FIFO

moving weighted average