Question
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 $ 16 21 17 $ 22 28 $24 66 Beginning inventory (January 1) Purchase (January 11) Purchase (January 20) Total On January 14, Beech Soda, Incorporated sold 30 units of this product. The other 36 units remained in Inventory at January 31. Assuming that Beech Soda uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 Is: (Round your Intermediate calculation to one decimal place and final answer to the nearest cent). Mutiple Choice 51.382.00 3561.00 5672.63 Total Cost $ 336 374 672 $ 1,382 5628 18
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