Business, 25.09.2020 05:01, abbydamaso5048

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) 20 $ 15 $ 300
Purchase (Jan. 11) 16 $ 21 336
Purchase (Jan. 20) 27 $ 23 621
Total 63 $ 1,257
On January 14, Beech Soda, Inc. sold 29 units of this product. The other 34 units remained in inventory at January 31.
Assuming that Beech Soda uses the FIFO cost flow assumption, the cost of goods sold to be recorded at January 14 is:
a. $482.
b. $422.
c. $690.
d. $1,194.

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Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a particula...