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In: AccountingUrban Glam Cosmetics made purchases of lipstick in the currentyear as follows:Jan. 1 Beginning...Urban Glam Cosmetics made purchases of lipstick in the currentyear as follows:Jan. 1 Beginning inventory75units@$12.00=$900Mar. 14 Purchased250units@$13.00=3,250July 30 Purchased500units@$14.00=7,000Units available for sale825unitsCost of goods available for sale$11,150Urban Glam Cosmetics made sales on the following dates at a sellingprice of $35 per unit:Jan.1070unitsMar.15180unitsOct.5450unitsTotals700units
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