Question
Addison, Inc. uses a perpetual inventory system. Information about one inventory item for teh month of September follows. Sep. 1 Inventory 20 units at $20
Addison, Inc. uses a perpetual inventory system. Information about one inventory item for teh month of September follows.
Sep. 1 Inventory 20 units at $20
4 Sold 10 units
10 Purchased 30 units at $25
17 Sold 20 units
30 Purchased 10 units at $30
If Addison uses LIFO, what is the September 30 inventory balance?
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
6th Edition
0131795082, 978-0131795082
