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addison, inc. uses a perpetual inventory system. the following is information about one inventory item for the month of september: sept. 1 inventory 20 units
addison, inc. uses a perpetual inventory system. the following is information about one inventory item for the month of september:
sept. 1 inventory 20 units at $20
Sept 4 sale 10 units
Sept 10 purchase 30 units at $25
Sept 17 sale 20 units
Sept 30 purchase 10 units at $30
use the information for addison, inc. if addison uses lifo, the cost of the ending merchandise inventory on september 30
a. $700
b. $800
c. $750
d. $650
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