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Business, 19.06.2020 04:57 layla07

RJ, Inc. had the following activity for an inventory item during June: Unit
Units Cost
Beginning inventory 50 $10
Purchase (June 5) 10 16
Purchase (June 15) 30 14
Sale (June 20) 40
Sale (June 25) 20
Purchase (June 30) 10 20
Refer to Exhibit 7-4. Assuming RJ uses a perpetual moving average cost flow assumption, cost of goods sold for June would be:
$560
$720
$768
$512

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Answers: 3

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RJ, Inc. had the following activity for an inventory item during June: Unit
Units Cost
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