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Drupady [299]
2 years ago
9

RJ Corporation has provided the following information about one of its inventory items:

Business
1 answer:
Stells [14]2 years ago
6 0

Answer:

b. $640,000

Explanation:

The computation of the ending inventory using the periodic inventory system is as follows:

But before that the ending inventory units is

= Beginning inventory units + purchased units - sold units

= 400 + 800 + 1,200 + 800 - 3,000

= 200 units

Now the ending inventory is

= 200 units × $3,200

= $640,000

hence, the ending inventory using the periodic inventory system is $640,000

Therefore the correct option is B

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Answer:

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1 year ago
11. Brooke Company desires net income of $720,000 when it has $2,000,000 of fixed costs and variable costs of 60% of sales. Cont
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Answer:

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