[The Following Information Applies to the Questions Displayed Below

question 16

Multiple Choice

[The following information applies to the questions displayed below.]
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:
On January 14,Beech Soda,Inc.sold 25 units of this product.The other 28 units remained in inventory at January 31.
-Assuming that Beech Soda uses the average cost flow assumption,the cost of goods sold to be recorded at January 14 is (round your intermediate calculation to one decimal place and cost per unit to the nearest cent) :

• A)$317.50.
• B)$308.25.
• C)$272.50.
• D)$673.00.

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Definitions:

Idea Generation

The stage of new-product development in which a set of product concepts is generated from which to identify potentially viable new products.

Marketed Products

Goods or services that are actively promoted and sold to consumers through various marketing strategies.

Idea Generation

The creative process of coming up with new ideas, often the first step in the development of new products or strategies.

Rejecting Goods

The act of a buyer refusing to accept delivery of products or services because they do not meet the specified requirements or standards.