Problem $3-15$ points

Mac Cosmetics made purchases of lipstick in the current year as follows:

$\backslash$table$[[$Jan$.1$ Beginning inventory,$111$ units,@$ $12,=$$$,1,332],[$Mar$.14$ Purchased,$430$ units,@$$13,=,5,590],[$July $30$ Purchased,$680$ units,@$ $14,=,9,520],[$Units available for sale,$1,221$ units,,,$],[$Cost of goods available for sale,,,$$,16,442]]$

Mac Cosmetics made sales on the following dates at a selling price of $$35$ per unit. Assume that $M$ the specific identification method to cost inventory.

The $1078$ units were specifically sold as follows:

$\backslash$table$[[$Jan$.10,88$ units,units from beginning inventory$],[$Mar$.15,21$ units,units from beginning inventory, and$],[,339$ units,units from the March $14$ purchase$],[$Oct$.5,68$ units,units from the March $14$ purchase, and$],[,562$ units,units from the July $30$ purchase$]]$

Calculate cost of goods sold and the gross profit $($show calculations below $-$ use of table is optional

$\backslash$table$[[$Cost of goods sold $=,],[$Gross profit $=,]]$