2. assuming that beach soda is LIFO cost flow assumption, the closet of goods sold...
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2. assuming that beach soda is LIFO cost flow assumption, the closet of goods sold to be recorded at January 14 is?
3. assuming that beech sofa uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 is ?
4. assuming that beech soda is FIFO cost flow assumption, the 47 units of this product in inventory at January 31 have a total cost of?
5. assuming that beech soda uses LIFO cost flow assumption, the 47 units of this product in inventory at January 31 have a total cost of?
Help 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 January were as follows: Quantity Unit Total Cost Cost Beginning inventory (Jan. 1) Purchase (Jan. 11) Purchase (Jan. 20) Total 23 25 575 26 $ 31 37 $ 33 8 6 806 1,221 $ 2, 602 On January 14, Beech Soda, Inc. sold 39 units of this product. The other 47 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: Multiple Choice
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