Exhibit 7-4
RJ, Inc. had the following activity for an inventory item during June:

-Refer to Exhibit 7-4. Assuming RJ uses a perpetual moving average cost flow assumption, cost of goods sold for June would be
A) $512
B) $560
C) $768
D) $720

Question

Exhibit 7-4
RJ, Inc. had the following activity for an inventory item during June:

-Refer to Exhibit 7-4. Assuming RJ uses a perpetual moving average cost flow assumption, cost of goods sold for June would be
A) $512 
B) $560 
C) $768 
D) $720

Quizplus · Accepted Answer

The Answer of Exhibit 7-4
RJ, Inc. had the following activity for an inventory item during June:

-Refer to Exhibit 7-4. Assuming RJ uses a perpetual moving average cost flow assumption, cost of goods sold for June would be
A) $512 
B) $560 
C) $768 
D) $720

Exhibit 7-4 RJ, Inc. Had the Following Activity for an Inventory Item