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Required information Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of

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Beech Soda, Inc. 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:

QuantityUnit CostTotal Cost

Beginning inventory (Jan. 1) 22 $24 $528

Purchase (Jan. 11) 25 $30 750

Purchase (Jan. 20) 36 $32 1,152

Total 83 $2,430

On January 14, Beech Soda, Inc. sold 38 units of this product. The other 45 units remained in inventory at January 31.

1A. Assuming that Beech Soda uses the FIFO cost flow assumption, the cost of goods sold to be recorded at January 14 is:

1B. Assuming that Beech Soda uses the LIFO cost flow assumption, the cost of goods sold to be recorded at January 14 is:

1C. Assuming that Beech Soda uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 is:

1D. Assuming that Beech Soda uses the FIFO cost flow assumption, the 45 units of this product in inventory at January 31 have a total cost of:

1E. Assuming that Beech Soda uses the LIFO cost flow assumption, the 45 units of this product in inventory at January 31 have a total cost of:

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