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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

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) 24 $ 19 $ 456
Purchase (January 11) 20 $ 25 500
Purchase (January 20) 31 $ 27 837
Total 75 $ 1,793

On January 14, Beech Soda, Incorporated sold 33 units of this product. The other 42 units remained in inventory at January 31.

Assuming that Beech Soda uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 is: (Round your intermediate calculation to one decimal place and final answer to the nearest cent).

Multiple Choice

  • $788.92

  • $1,793.00

  • $716.10

  • $912.55

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