Roki IncUses the Periodic Inventory System ? If Roki Uses the FIFO Inventory Method, the Amount

question 41

Multiple Choice

Roki Inc.uses the periodic inventory system. June $\begin{array}{rlr}1 & \text { On hand, 50 units @ \$15.00 each } & \$ 750.00 \\5 & \text { Purchased 115 units @, \$15.10 each } & 1,736.50 \\14 & \text { Purchased 75 units @ \$15.20 each } & \underline{1,140.00} \\& \text { Total cost of goods available for sale } & \underline{\$ 3.626 .50}\\30&\text { On hand, } 90 \text { units }\\\end{array}$ ? If Roki uses the FIFO inventory method, the amount assigned to the June 30 inventory would be

• A) $1,354.00
• B) $1,590.42
• C) $1,594.00
• D) $1,366.50

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