Beech Soda, Incorporated 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 (January 1) Purchase (January 11) Purchase (January 20) Total 2326 $ 14 $ 322 15 $ 20 300 $ 22 572 64 $ 1,194 On January 14, Beech Soda, Incorporated sold 28 units of this product. The other 36 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: Multiple Choice $690 $422 $1,194 On January 14, Beech Soda, Incorporated sold 28 units of this product. The other 36 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: Multiple Choice $690. $422. $1394. $482