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Required information [ The following information applies to the questions displayed below. ] Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory

Required information

[The following information applies to the questions displayed below.]

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:

Quantity Unit Cost Total Cost
Beginning inventory (Jan. 1) 16 $ 10 $ 160
Purchase (Jan. 11) 14 $ 12 168
Purchase (Jan. 20) 23 $ 15 345
Total 53 $ 673

On January 14, Beech Soda, Inc. sold 25 units of this product. The other 28 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 28 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 28 units of this product in inventory at January 31 have a total cost of:

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