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

Jan. $1$ Beginning inventory $79$ units @ $ $14\mathrm{.}00=$ $ $1,106$ 

Mar. $14$ Purchased $270$ units @ $ $15\mathrm{.}00=4,050$ 

July $30$ Purchased $520$ units @ $

$16\mathrm{.}00$

 $=8,320$ 

Units available for sale $869$ units

Cost of goods available for sale $ $13,476$ 

Urban Glam Cosmetics made sales on the following dates at a selling price of $$34$ per unit:

Jan. $1072$ units

Mar. $15200$ units

Oct. $5470$ units

Totals $742$ 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.$)$

Answer rating: 100% (QA)

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