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 R...

A B 1 First calculate the number of unit sold 2 On hand ...

Roki Inc. uses the periodic inventory system and has the following data for the month of June:

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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 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 LIFO method, the cost of goods sold for June would be

a. $1,354.00.

b. $2,272.50.

c. $2,296.08.

d. $2,200.00

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Posted Date: Jan 13, 2021 10:21 PM

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Roki Inc. uses the periodic inventory system and has the following data for the month of June:

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