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Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Sep. 1 Inventory 4 Sold
Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Sep. 1 Inventory 4 Sold 10 Purchased 17 Sold 30 Purchased 20 units at $20 10 units 30 units at $25 20 units 10 units at $30 If Addison uses LIFO, the September 17 cost of goods sold would be: Oa. $500. Ob. $400 Oc. $600 Od. $450
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