Question
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 the June 30 inventory included 45 units from the June 5 purchase and 45 units from the June 14 purchase, Roki's cost of goods sold for June under the specific identification method would be a. $2.373.00. b. $2,263.00. c. $2,945.00. d. $3,626.50.
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