San Diego State University Operations And Supply Chain Management Assignment Help - Units

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
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 cost of the ending merchandise inventory on September 30 is Answer
a. $650
b. $750
c. $700
d. $800
Nov 16 2013 01:17 PM

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