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Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased Units available for sale Cost of goods available for sale Jan. 10 70 units Mar. 15 180 units Oct. 5 450 units Totals 700 units 75 units @ $12.00 250 units @ $13.00 500 units @ $14.00 825 units Required: The business uses a perpetual inventory system. Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Ending = 900 3,250 7,000 Cost of Goods $ 11,150 1. Determine the costs that should be assigned to the ending inventory and to goods sold under the following methods. (Do intermediate calculations. Round your final answers to 2 decimal places.)

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 under the following methods, (Do intermediate calculations. Round your final onswers to 2 decimal places.) Required: The business uses a perpetual inventory system. 1. Determine the costs that should be assigned to the endinghinentory and to goods sold under the following methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) 2 Also calculate the gross profit under each method, (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

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