Assuming that Beech Soda uses the LIFO cost flow assumption, the cost of goods sold to be recorded at January 14 is: Multiple Choice O O $867. O $581. O O $1,513 O $635. ! Required information Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Quantity Unit Cost Beginning inventory (Jan. 1) Purchase (Jan. 11) Purchase (Jan. 20) Total 22 18 29 69 $ 17 $ 23 $ 25 Total Cost $ 374 414 725 $1,513 On January 14, Beech Soda, Inc. sold 31 units of this product. The other 38 units remained in inventory at January 31. Assuming that Beech Soda uses the FIFO cost flow assumption, the cost of goods sold to be recorded at January 14 is: Multiple Choice O $635 $581. O O O $867 $1,513. Assuming that Beech Soda uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 is: (Round your intermediate calculation to one decimal place and final answer to the nearest cent). Multiple Choice $1,513.00 $748.60 O O $679.75 o $610.70 Assuming that Beech Soda uses the FIFO cost flow assumption, the 38 units of this product in inventory at January 31 have a total cost of: Multiple Choice O O $932 O $1,113 $902. O $878. Assuming that Beech Soda uses the LIFO cost flow assumption, the 38 units of this product in inventory at January 31 have a total cost of: Multiple Choice o $902. $878. O O $932. a $919