Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September: If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is
A) $800
B) $650
C) $750
D) $700

Question

Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September:  If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is
A) $800 
B) $650 
C) $750 
D) $700

Quizplus · Accepted Answer

The Answer of Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September:  If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is
A) $800 
B) $650 
C) $750 
D) $700