1. Roki Inc. uses the periodic inventory system. June 1 On hand, 50 units @ $15.00 each $ 750.00 5 Purchased 115 units
Posted: Fri Jul 01, 2022 7:52 am
1. Roki Inc. usesthe periodic inventory system.
June
1
On hand, 50 units @ $15.00 each
$ 750.00
5
Purchased 115 units @ $15.10 each
1,736.50
14
Purchased 75 units @ $15.20 each
1,140.00
Total cost of goods available for sale
$3,626.50
30
On hand, 90 units
If the June 30th inventory included 45 units from the June 5thpurchase and 45 units from the June 14th purchase, Roki’s cost ofgoods sold for June under the specific identification method wouldbe
a.
$2,945.00
b.
$3,626.50
c.
$2,263.00
d.
$2.373.00
June
1
On hand, 50 units @ $15.00 each
$ 750.00
5
Purchased 115 units @ $15.10 each
1,736.50
14
Purchased 75 units @ $15.20 each
1,140.00
Total cost of goods available for sale
$3,626.50
30
On hand, 90 units
If the June 30th inventory included 45 units from the June 5thpurchase and 45 units from the June 14th purchase, Roki’s cost ofgoods sold for June under the specific identification method wouldbe
a.
$2,945.00
b.
$3,626.50
c.
$2,263.00
d.
$2.373.00