Refer to the information above. 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):

To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, the auditor fulfills several performance responsibilities, including

A) complying with the AICPA Code of Professional Conduct. B) issuing a written report on the financial statements. C) determining and applying materiality levels. D) having the appropriate competence to perform the audit.

Measures of equivalent production are necessary in process costing because

a. job order costing procedures cannot be applied. b. unit costs are computed by departments or processes at fixed time intervals. c. perpetual inventories are not employed in process plants. d. production methods are more complex than in job order costing systems.