Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Roki Inc, uses the periodic inventory system and has the following data for the month of June: June 1 $ 750.00 5 1,736.50 14 On

image text in transcribed

Roki Inc, uses the periodic inventory system and has the following data for the month of June: June 1 $ 750.00 5 1,736.50 14 On hand, 50 units @ $15.00 each Purchased 115 units @ $15.10 each Purchased 75 units @ $15.20 each Total cost of goods available for sale On hand, 90 units 1140.00 53,626.50 30 If Roki uses the weighted average cost method, the amount assigned to the June 30 inventory would be Oa. $1,359.90 Ob. $1,549.00 Oc. $1,591.50 Od. $1.486.50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internal Auditing Handbook

Authors: K. H. Spencer Pickett

1st Edition

0471969117, 978-0471969112

More Books

Students also viewed these Accounting questions

Question

5. Identify the logical fallacies, deceptive forms of reasoning

Answered: 1 week ago

Question

6. Choose an appropriate organizational strategy for your speech

Answered: 1 week ago