Examlex

Solved

Beech Soda, Inc On 14 January, Beech Soda, Inc

question 102

Multiple Choice

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  Unit Cost ($)   Total Cost ($)   Beginning inventory (1 Jan)  1610160 Purchases (11 Jan.)  1412168 Purchase (20 Jan.)  2315345 Total 53673\begin{array} { | l | c | c | c | } \hline & \text { Quantity } & \text { Unit Cost (\$) } & \text { Total Cost (\$) } \\\hline \text { Beginning inventory (1 Jan) } & 16 & 10 & 160 \\\hline \text { Purchases (11 Jan.) } & 14 & 12 & 168 \\\hline \text { Purchase (20 Jan.) } & 23 & 15 & \underline { 345 } \\\hline \text { Total } & 53 & & 673 \\\hline\end{array}
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 cost of goods sold to be recorded at 14 January is (round cost per unit to nearest cent) :


Definitions:

Policy Decision Making

The process involved in creating rules or directives that guide the actions of an organization or system.

Types of Interventions

Various strategies and methods used to address and rectify problems across different contexts, such as psychological, educational, or social.

Constraints

Limitations or restrictions that affect the choices or actions of individuals or systems, ranging from physical barriers to social and psychological factors.

Program Developers

Professionals who plan, design, implement, and evaluate programs, often within educational, social, or health-related fields, to meet specific needs or objectives.

Related Questions