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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 Sale 10 units 10 Purchase 30 units at $20
The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 Sale 10 units 10 Purchase 30 units at $20 17 Sale 20 units 30 Purchase 10 units at $21 Using a perpetual system, what is the cost of merchandise sold for November if the company uses FIFO costing? $590 O $600 O $580 O $610 Question 43 2 pts Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September: Sept. 1 Inventory 20 units at $20 4 Sale 10 units 10 Purchase 30 units at $25 17 Sale 20 units 30 Purchase 10 units at $30 If Addison uses FIFO costing, the cost of the ending merchandise inventory on its September 30th balance sheet is: $750
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