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: Beginning inventory (1 Jan) Purchases (11 Jan.) Purchase (20 Jan.) Total Quantity 16 14 23 53 Unit Cost ($) 10 12 15 Total Cost ($) 160 168 345 673 On 14 January, Beech Soda, Inc. sold 25 units of this product. The other 28 units remained in inventory at 31 January. Assuming that Beech Soda uses the weighted average cost flow assumption, the 28 units of this product in inventory at 31 January have a total cost of:
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: Beginning inventory (1 Jan) Purchases (11 Jan.) Purchase (20 Jan.) Total Quantity 16 14 23 53 Unit Cost ($) 10 12 15 Total Cost ($) 160 168 345 673 On 14 January, Beech Soda, Inc. sold 25 units of this product. The other 28 units remained in inventory at 31 January. Assuming that Beech Soda uses the weighted average cost flow assumption, the 28 units of this product in inventory at 31 January have a total cost of:
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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Transcribed Image Text: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:
Beginning inventory (1
Jan)
Purchases (11 Jan.)
Purchase (20 Jan.)
Total
Quantity
16
14
23
53
Unit Cost ($)
10
12
15
Total Cost ($)
160
168
345
673
On 14 January, Beech Soda, Inc. sold 25 units of this product. The other 28 units remained in
inventory at 31 January.
Assuming that Beech Soda uses the weighted average cost flow assumption, the 28
units of this product in inventory at 31 January have a total cost of:
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