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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: Unit Total Quantity Cost Cost Beginning inventory (Jan. 1) Purchase (Jan. 11) Purchase (Jan.I20) $ 23 21 483 $ 29 $ 31 24 35 696 1,085 $2,264 80 Total On January 14, Beech Soda, Inc. sold 37 units of this product. The other 43 units remained in inventory at January 31. Assuming that Beech Soda uses the LIFO cost flow assumption, the cost of goods sold to be recorded at January 14 is: 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: Unit Total Quantity Cost Cost Beginning inventory (Jan. 1) Purchase (Jan. 11) Purchase (Jan. 20) 21 $23 483 $ 29 $ 31 24 696 35 1,085 Total 80 $ 2,264 On January 14, Beech Soda, Inc. sold 37 units of this product. The other 43 units remained in inventory at January 31 Assuming that Beech Soda uses the average cost flow assumption, the cost of goods sol to be recorded at January 14 is: (Round your intermediate calculation to one decimal place and final answer to the nearest cent). 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: Unit Total Quantity Cost Cost Beginning inventory (Jan. 1) Purchase (Jan. 11) Purchase (Jan. 20) $ 23 21 483 $ 29 24 696 1,085 $ 2,264 35 $ 31 Total 80 On January 14, Beech Soda, Inc. sold 37 units of this product. The other 43 units remained in inventory at January 31. Assuming that Beech Soda uses the FIFO cost flow assumption, the 43 units of this product in inventory at January 31 have a total cost of Save nelp 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: Unit Total Quantity Cost Cost Beginning inventory (Jan. 1) $ 23 21 483 Purchase (Jan. 11) Purchase (Jan. 20) $ 29 $ 31 24 35 80 696 1,085 $ 2,264 Total On January 14, Beech Soda, Inc. sold 37 units of this product. The other 43 units remained in inventory at January 31 Assuming that Beech Soda uses the LIFO cost flow assumption, the 43 units of this product in inventory at January 31 have a total cost of
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