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	$ 22	$ 528
Purchase (January 11)	23	$ 28	644
Purchase (January 20)	34	$ 30	1,020
Total	81		$ 2,192

On January 14, Beech Soda, Incorporated sold 36 units of this product. The other 45 units remained in inventory at January 31.

Assuming that Beech Soda uses the first-in, first-out (FIFO) cost flow assumption, the 45 units of this product in inventory at January 31 have a total cost of:

Multiple Choice

$1,328.

$1,792.

$1,294.

$1,262.