Exercise 6-2 Alternative cost flow assumptions-perpetual LO2 CHECK FIGURES: COGS a. $9,400.00; b. $9,417.90 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. 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