# Perpetual inventory system | Reliable Papers

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 Beginning inventory (1 Jan) 16 Purchases (11 Jan.) 14 Purchase (20 Jan.) 23 Total 53Unit Cost (\$) 101215Total Cost (\$) 160168345673 On 14 January, Beech Soda, Inc. sold 25 units of this product. The other 28 units remained in inventory at 31 January.32. Refer to the above data. Assuming that Beech Soda uses the FIFO flow assumption, the cost of goods sold to be recorded at 14 January is:A. \$278.B. \$268.C. \$393.D. Some other amount.33. Follow question 34, what is the total cost of the ending inventory at the end of January?A. \$393.B. \$268.C. \$278.D. Some other amount.34. Refer to the above data. Assuming that Beech Soda uses the weighted average cost flow assumption, the cost of goods sold to be recorded at 14 January is (round cost per unit to nearest cent):A. \$317.50.B. \$308.25.C. \$273.25D. Some other amount.35. Follow question 36, what is the total cost of the ending inventory at the end of January?A. \$399.7.B. \$395.C. \$405.D. Some other amount.36. What is the cost of goods sold at the end of January if Beech Soda uses the FIFO flow assumption with periodic inventory system?A. \$278.B. \$268.C. \$393.D. Some other amount.

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