Roki Inc uses the 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 Roki uses the weighted average cost inventory method, the amount assigned to the June 30th inventory would be

a. $1,359.90
b. $1,549.00
c. $1,486.50
d. $1,591.50


a

Business

You might also like to view...

On January 1 . 2014, Madrid Corp issued 2,000 of its 9 percent, $1,000 bonds at 95 . Interest is payable semiannually on July 1 and January 1 . The bonds mature on January 1 . 2024 . Madrid paid bond issue costs of $80,000, which are appropriately recorded as a deferred charge. Madrid uses the straight-line method of amortizing bond discount and bond issue costs. On Madrid's December 31 . 2014,

balance sheet, how much would be shown as the carrying amount of the bonds payable? a. $2,110,000 b. $2,090,000 c. $1,982,000 d. $1,910,000

Business

Discuss two types of economic consequences of lease accounting.

What will be an ideal response?

Business

____ are functions that can be used in conjunction with table variables and allow greater ability to manipulate table values.

A. Associative array B. Assignment statements C. Collections D. Table attributes

Business

Which of the following is the MOST accurate statement regarding economic duress?

a. It is never grounds for rescission. b. It is always grounds for rescission. c. It is a UCC concept only. d. It may be grounds for rescission.

Business