Quantity Unit Cost Total Cost$ 14 $ 322$ 20$ 22$ 1,19423Beginning inventory (Jan. 1)Purchase (Jan. 11)15300Purchase (Jan. 20)26572Total64On January 14, Beech Soda, Inc. sold 28 units of this product. The other 36 units remained in inventory at January 31.BY Using LIFO calculate the cost of goods sold value

Name: Quantity Unit Cost Total Cost$ 14 $ 322$ 20$ 22$ 1,19423Beginning inv
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Description: Quantity Unit Cost Total Cost$ 14 $ 322$ 20$ 22$ 1,19423Beginning inventory (Jan. 1)Purchase (Jan. 11)15300Purchase (Jan. 20)26572Total64On January 14, Beech Soda, Inc. sold 28 units of this product. The other 36 units remained in inventory at Janua

Inventory valuation methods include: FIFO Method LIFO method Weighted average method

Business

Accounting

Quantity Unit Cost Total Cost Beginning inventory (Jan. 1) Purchase (Jan. 11) $ 14 $ 322 $ 20 $ 2 23 15 300 Purchase (Jan. 20) 26 572 Total 64 $ 1,194 On January 14, Beech Soda, Inc. sold 28 units of this product. The other 36 units remained in inventory at January 31. BY Using LIFO calculate the cost of goods sold value

Quantity Unit Cost Total Cost Beginning inventory (Jan. 1) Purchase (Jan. 11) $ 14 $ 322 $ 20 $ 2 23 15 300 Purchase (Jan. 20) 26 572 Total 64 $ 1,194 On January 14, Beech Soda, Inc. sold 28 units of this product. The other 36 units remained in inventory at January 31. BY Using LIFO calculate the cost of goods sold value

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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