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)	21	$ 12	$ 252
Purchase (January 11)	13	$ 18	234
Purchase (January 20)	24	$ 20	480
Total	58		$ 966

On January 14, Beech Soda, Incorporated sold 26 units of this product. The other 32 units remained in inventory at January 31. Assuming that Beech Soda uses the last-in, first-out (LIFO) cost flow assumption, the cost of goods sold to be recorded at January 14 is:

Multiple Choice

• $390.

• $582.

• $966.

• $342.