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 Total Cost Beginning inventory (Jan. 1) 21 $ 23 $ 483 Purchase (Jan. 11) 24 $ 29 696 Purchase (Jan. 20) 35 $ 31 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 FIFO cost flow assumption, the cost of goods sold to be recorded at January 14 is: Multiple Choice $995. $947. $1,275. $2,264.