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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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