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