Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Urban Glam...
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Accounting
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 $36 per unit: Required: The business uses a perpetual inventory system. 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 rou 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.)
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