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Roki Inc. uses the periodic inventory system and has the following data for the month of June: June 1 On hand, 50 units @ $15.00
- Roki Inc. uses the periodic inventory system and has the following data for the month of June:
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 Roki uses the weighted average cost method, the amount assigned to the June 30 inventory would be a.$1,591.50.
b.$1,549.00.
c.$1,359.90.
d.$1,486.50.
| 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 |
a.$1,591.50.
b.$1,549.00.
c.$1,359.90.
d.$1,486.50.
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Business Statistics Communicating With Numbers
Authors: Sanjiv Jaggia, Alison Kelly
2nd Edition
0078020557, 978-0078020551
