Roki IncUses the Periodic Inventory System and Has the Following Data

question 139

Multiple Choice

Roki Inc.uses the periodic inventory system and has the following data for the month of June:
$$\begin{array} { r l r } \text { June }1 & \text { On hand, 50 units } @ \$ 15.00 \text { each } & \$ 750.00 \\5 & \text { Purchased 115 units } \$ 15.10 \text { each } &1,736.50\\14 & \text { Purchased } 75 \text { units } @ \$ 15.20 \text { each } & 1,140.00 \\& \text { Total cost of goods avalable for sale } & \$ 3,626.50 \\30 & \text { On hand, 90 units } &\\&\end{array}$$

- If Roki uses the LIFO method,the cost of goods sold for June would be

• A)$1,354.00.
• B)$2,200.00.
• C)$2,272.50.
• D)$2,296.08.

Understand the principles of dialysis and how it simulates kidney function.

Explain the criteria that determine whether substances can pass through the filtration membrane.

Understand how the nephron regulates body fluids and electrolytes and removes wastes.

Understand the diagnostic role of urinalysis and what it can reveal about kidney function.

---

Definitions:

Adam Smith

Scottish economist known as the father of modern economics, best known for his theory on free markets and the invisible hand guiding economies.

Specialization and Exchange

Economic strategy where individuals, regions, or nations focus on producing goods in which they have a comparative advantage, and then trade with others for what they need.

Trade Barriers

Measures implemented by governments to control or limit the volume of goods and services imported or exported, affecting international trade.

Trade Surplus

A situation where the value of a country’s exports exceeds the value of its imports.