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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
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: Total Cost S 440 Quantity Unit Cost s 28 S 26 Beginning inventory (Jan. 1) Purchase (Jan. 11) Purchase (Jan. 28) Total 21 32 75 546 896 Part 1 of 5 $1,882 00:57:07 On January 14, Beech Soda, Inc. sold 34 units of this product. The other 41 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 Cholce $806. $752 $1.062. $1.882
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