Question: Beech Sodo. Incorporated uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were

 Beech Sodo. Incorporated uses a perpetual inventory system. The company's beginning
inventory of a particular product and its purchases during the month of

Beech Sodo. 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 Beginning inventory (January 1) Purchase (January 11) Purchase (January 20) Total Quantity 19 11 22 52 Unit Cost $ 10 $ 16 $ 18 Total Cost $ 190 176 396 $ 762 On January 14, Beech Soda, Incorporated sold 24 units of this product. The other 28 units remained in inventory at January 31. Assuming that Beech Soda uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 ts: (Round your intermediate calculation to one decimal place and final answer to the nearest cent). Multiple Choice 5762.00 o O $292.80 Assuming that Beech Soda uses the average cost flow assumption, the cost of goods sold to be recorded at January 14 is: (Round your intermediate calculati one decimal place and final answer to the nearest cent). Multiple Choice $76200 529280 $34160 $35169

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!