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.

Assuming that Beech Soda uses the LIFO cost flow assumption, the 38 units of this product in inventory at January 31 have a total cost of:

Multiple Choice

$902.

$932.

$878.

$919.