Chapter 6 Exercise 6-2 Altermative cost flow assumptions-perpetual Lo2 eXcel CHECK FIGURES: COGS a. $9,400.00: b. $9,417.0 the current year as follows: $12.00$ 900 $13.003,250 7,000 Jan. 1 Beginning inventony..5 units Mar. 14 Purchased July 30 Purchased Units available for sale.. Cost of goods available for sale. 250 units 500 units 825 units @ $14.00 $11.160 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Jan. 10 70 units Mar. 15Lma Oct. Total 700 units Required The business uses a perpetual inventory system. Determine the costs that should be assigned to the ending inventory and to goods sold under: a. FIFO b. Moving weighted average (round to the nearest whole cent) Also calculate the gross profit under each method