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)	22	$ 20	$ 440
Purchase (January 11)	21	$ 26	546
Purchase (January 20)	32	$ 28	896
Total	75		$ 1,882

On January 14, Beech Soda, Incorporated sold 34 units of this product. The other 41 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

• $752.

• $806.

• $1,062.

• $1,882.