25. Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a...
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25. 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 Assuming that Beech Soda uses the FIFO flow assumption, what is the cost of goods sold to be recorded at January 14
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