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

question 74

Multiple Choice

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

• A)$512
• B)$560
• C)$768
• D)$720

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Definitions:

Common Ancestor

A concept in evolutionary biology referring to the most recent ancestral form or species from which two different species evolved.

Homology

Homology refers to the similarity in structure, position, or evolutionary origin of traits among different species, indicating a common ancestral origin.

Homoplasy

The occurrence of similar traits in different species not due to common ancestry, often resulting from convergent evolution or evolutionary reversals.

Descendants

The offspring or later generations stemming from a particular ancestor or ancestral group.