2 201 points Exercise 6-3 Specific identification cost flow assumption LO2 Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning Inventory Mar. 14 Purchased eBook 83 units 290 units @$13.00 @$14.00 $1,079 4,060 July 30 Purchased References Units available for sale 540 units @$15.00 - 913 units 8,100 Cost of goods available for sale $13,239 4 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 784 units were specifically sold as follows: Jan. 10: 74 units from beginning inventory Mar. 15: Oct. 5: 7 units from beginning inventory, and 213 units from the March 14 purchase 54 units from the March 14 purchase, and 436 units from the July 30 purchase Calculate cost of goods sold and the gross profit