Business, 25.05.2021 22:30 tami490

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) 16 $ 10 $ 160 Purchase (January 11) 14 $ 12 168 Purchase (January 20) 23 $ 15 345 Total 53 $ 673 On January 14, Beech Soda, Incorporated sold 25 units of this product. The other 28 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:

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Beech Soda, Incorporated uses a perpetual inventory system. The company's beginning inventory of a p...

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