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Question 24 Not yet answered Points out of 2.00 17 Flag question Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory ofa
Question 24 Not yet answered Points out of 2.00 17 Flag question Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory ofa particular product and its purchases during the month ofJanuary were as follows: OnJanuary 14, Beech Soda, Inc. sold 25 units of this product. The other 28 units remained in inventory atJanuary 31. Quantity UnitCost Total Cost Beginning inventory (Jan. 1) 16 $10 $160 Purchase (Jan 11) 14 $12 $168 Purchase (Jan. 20) 23 $15 $345 Total 53 $673 Refer to the above data. Assuming that Beech Soda uses the FIFO ow assumption, the 28 units of this product in inventory atJanuary 31 have a total cost of: 0a. $400 Ob. $395 0c. $405 Od. Some other amount
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