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

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 perpetual moving average cost flow assumption, ending inventory for June would be

A) $512
B) $560
C) $768
D) $720