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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) 22 $ 17 $ 374 Purchase (January 11) 18 $ 23 414 Purchase (January 20) 29 $ 25 725 Total 69 $ 1,513 On January 14, Beech Soda, Incorporated sold 31 units of this product. The other 38 units remained in inventory at January 31.
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$902.
$932.
$878.
$919.
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