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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: Total Cost $ 336 374 Beginning inventory (January 1) Purchase (January 11) Purchase (January 20) Total Unit Cost $ 16 $ 22 $ 24 Quantity 21 17 28 66 672 $ 1,382 On January 14, Beech Sode, Incorporated sold 30 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 36 units of this product in Inventory at January 31 have a total cost of a
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