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Question Content Area Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Sep. 1 Inventory

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Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September.

Sep. 1 Inventory 20 units at $20
4 Sold 10 units
10 Purchased 30 units at $25
17 Sold 20 units
30 Purchased 10 units at $30

If Addison uses FIFO, the September 30 inventory is

a.$650

b.$750

c.$800

d.$700

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