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

question 3

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 periodic weighted average cost flow assumption, cost of goods sold for June would be

• A)$512
• B)$560
• C)$768
• D)$720

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Definitions:

Behaviourism

A psychological approach which proposes that all behaviors are either reflexes produced by a response to certain stimuli or a consequence of that individual's history.

Cognitive Psychology

The study of mental processes such as perception, memory, thought, and problem-solving.

Biological Psychology

A branch of psychology concerned with the links between biology and behavior, exploring how brain processes, genetics, and hormones influence actions and thoughts.

Humanism

Humanism is a philosophical stance emphasizing the value and agency of human beings, individually and collectively, often emphasizing human reason and ethics.