Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory 75 units @ $ 12.00 = $ 900 Mar. 14 Purchased 250 units @ $ 13.00 = 3,250 July 30 Purchased 500 units @ $ 14.00 = 7,000 Units available for sale 825 units Cost of goods available for sale $ 11,150 Urban Glam Cosmetics made sales on the following dates at a selling price of $35 per unit: Jan. 10 70 units Mar. 15 180 units Oct. 5 450 units Totals 700 units 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 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.)