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Exhibit 8-4 RK, Inc - Refer to Exhibit 8-4

question 3

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Exhibit 8-4 RK, Inc.had the following activity for an inventory item during June:
 Unit  Units  Cost  Beginning inventory 50$10 Purchase (June 5)  1016 Purchase (June 15)  3014 Sale (June 20)  40 Sale (June 25)  20 Purchase (June 30)  1020\begin{array}{lll}&&\text { Unit }\\&\text { Units }&\text { Cost }\\\text { Beginning inventory } & 50 & \$ 10 \\\text { Purchase (June 5) } & 10 & 16 \\\text { Purchase (June 15) } & 30 & 14 \\\text { Sale (June 20) } & 40 & \\\text { Sale (June 25) } & 20 &\\\text { Purchase (June 30) }&10& 20\end{array}
- Refer to Exhibit 8-4.Assuming RK uses a periodic weighted average cost flow assumption, cost of goods sold for June would be


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