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)	25	$ 10	$ 250
Purchase (January 11)	20	$ 20	$ 400
Purchase (January 20)	30	$ 25	$ 750
Total	75		$ 1,400

On January 14, Beech Soda, Incorporated sold 32 units of this product. The other 43 units remained in inventory at January 31.

1. Assuming that Beech Soda uses FIFO (the first-in, first-out) cost flow assumption:

1. The cost of goods sold to be recorded at January 14 is:
2. The cost of ending inventory at January 31 is:

2. Assuming that Beech Soda uses LIFO (the Last-in, first-out) cost flow assumption:

1. The cost of goods sold to be recorded at January 14 is:
2. The cost of ending inventory at January 31 is:

3. Assuming that Beech Soda uses the Average method of cost flow assumption:

1. The cost of goods sold to be recorded at January 14 is:
2. The cost of ending inventory at January 31 is: