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Quantity Unit Cost Total Cost $ 14 $ 322 $ 20 $ 2 Beginning inventory (Jan. 1) 23 Purchase (Jan. 11) 15 300 Purchase (Jan. 20) 26 572 Total 64 $ 1,194

Quantity Unit Cost Total Cost $ 14 $ 322 $ 20 $ 2 Beginning inventory (Jan. 1) 23 Purchase (Jan. 11) 15 300 Purchase (Jan. 20) 26 572 Total 64 $ 1,194

FINANCIAL ACCOUNTING
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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Quantity Unit Cost Total Cost $ 14 $ 322 $ 20 $ 22 $ 1,194 Beginning inventory (Jan. 1) 23 Purchase (Jan. 11) Purchase (Jan. 20) 15 300 26 572 Total 64 On January 14, Beech Soda, Inc. sold 28 units of this product. The other 36 units remained in inventory at January 31.
Transcribed Image Text:Quantity Unit Cost Total Cost $ 14 $ 322 $ 20 $ 22 $ 1,194 Beginning inventory (Jan. 1) 23 Purchase (Jan. 11) Purchase (Jan. 20) 15 300 26 572 Total 64 On January 14, Beech Soda, Inc. sold 28 units of this product. The other 36 units remained in inventory at January 31.
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