Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September: Sept. 1 10 Inventory Sale Purchase Sale Purchase 20 units at $20 10 units 30 units at $25 20 units 10 units at $30 30 Use the information for Addison, Inc. If Addison uses LIFO, the cost of the ending merchandise inventory on September 30 is Oa. $750 Ob. $650 Oc. $700 Od. $300 Use the information below to answer the following question. The following units of an inventory item were available for sale during Beginning inventory First purchase Second purchase Third purchase 10 units at $55 25 units at $60 30 units at $65 15 units at $70 The firm uses the periodic Inventory system. During the year, 60 The value of ending inventory using LIFO is Os. $1,350 Ob. $1,375 Oc. $1,250 Od. $1,150 Use the information below to answer the following question. The following units of an inventory item were available for sale during the year: Beginning inventory First purchase Second purchase Third purchase 10 units at $55 25 units at $60 30 units at $65 15 units at $70 The firm uses the periodic inventory system. During the year, 60 units of the item were sold. The value of ending inventory using FIFO is Oa. $1,350 Ob. $1,150 Oc. $1,375 Od. $1,250 Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of Septer Sept. 1 10 17 30 Inventory Sale Purchase Sale Purchase 20 units at $20 10 units 30 units at $25 20 units 10 units at $30 If Addison uses FIFO, the cost of the ending Os $300 Ob 5700 Oc. $650 Od. $750 All work saved Use the information below to answer the following question. The following units of an inventory item were available for sale during the year Beginning inventory First purchase Second purchase Third purchase 10 units at $55 25 units at $60 30 units at $65 15 units at $70 units of the item were sold. The firm uses the periodic inventory system. During the The value of ending inventory rounded to the nearest dollar using average cost is Oa. $1,375 Ob. $1,263 Oc. $1,353 Od. $1,150