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Addison Inc. uses a perpetual inventory system. The following information about one inventory item for the month of september: Sep. 1 Inventory 24 units at

Addison Inc. uses a perpetual inventory system. The following information about one inventory item for the month of september:

Sep. 1 Inventory 24 units at $15 5 sold 17 units 17 Purchased 10 units at $20 30 sold 8 units

If Addison uses LIFO, the cost of the ending inventory on September 30 is

a. $160 b.$125 c. $180 d. $145

Please help! I don't understand. Due at 11:59 p.m. Thanks!

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