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Help Save & Beech Soda, Incorporated uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month
Help Save & 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) 23 $ 18 $ 414 Purchase (January 11) 19 $ 24 456 Purchase (January 20) Total 30 72 $ 26 780 $ 1,650 On January 14, Beech Soda, Incorporated sold 32 units of this product. The other 40 units remained in inventory at January 31. Assuming that Beech Soda uses the LIFO cost flow assumption, the 40 units of this product in inventory at January 31 have a total cost of: Multiple Choice Saved Assuming that Beech Soda uses the LIFO cost flow assumption, the 40 units of this product in inventory at January 31 have a total cost of: Multiple Choice $960. $1,020. $1,005. $987
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