If Addison uses LIFO, the September 30 inventory balance is
A) $800
B) $650
C) $750
D) $700

Name: If Addison uses LIFO, the September 30 inventory balance is A) $800 B) $650 C) $750 D) $700
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Question

Quizplus · Accepted Answer

Ending inventory using LIFO = 10 units at $20 from the beginning inventory + 10 units at $25 from the September 10 purchase + 10 units at $30 from the September 30 purchase = $200 + $250 + $300 = $750?

If Addison Uses LIFO, the September 30 Inventory Balance Is