Question 24 Not yet answered Marked out of P Flag question Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September Sep 1 Inventory 20 units at $20 Sold 10 units Purchased 30 units at $30 Sold 20 units Purchased 10 units at $40 If Addison uses FIFO the cost of the ending merchandise inventory on September 30 is Select one: a. $500