Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September.
-Use the information in the table to answer this question. Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?
A)$610
B)$600
C)$590
D)$580

Question

Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. 
-Use the information in the table to answer this question. Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?
A)$610 
B)$600 
C)$590 
D)$580

Quizplus · Accepted Answer

The Answer of Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. 
-Use the information in the table to answer this question. Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?
A)$610 
B)$600 
C)$590 
D)$580