QUESTION 11 Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Use this information to answer the questions that follow. Sep. 1 4 10 17 30 Inventory Sold Purchased Sold Purchased If Addison uses LIFO, the September 30 inventory balance is a. $650 O b. $750 c. $700 O d. $800 20 units at $20 10 units 30 units at $25 20 units 10 units at $30 4

Addison, Ine. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Use this information to answer the questions that follow: If Addison uses LIFO, the September 30 inventory balance is 3.5650 b. 5750 c. 5700 d. 5800