Addison, Inc

question 207

Multiple Choice

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. If Addison uses LIFO, the September 17 cost of goods sold would be:

• A) $400
• B) $450
• C) $500
• D) $600

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