Addison, Inc If Addison Uses FIFO, the Cost of the Ending Merchandise

question 109

Multiple Choice

Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September: $\begin{array}{rll}\text { Sep. } 1 & \text { Inventory } & 20 \text { units at } \$ 20 \\4 & \text { Sold } & 10 \text { units } \\10 & \text { Purchased } & 30 \text { units at } \$ 25 \\17 & \text { Sold } & 20 \text { units } \\30 & \text { Purchased } & 10 \text { units at } \$ 30\end{array}$ If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is

• A) $800
• B) $650
• C) $750
• D) $700

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Definitions:

Schizotypal

A disorder or personality type characterized by abnormal social behaviors and thoughts, often including odd or eccentric manners of speaking or dressing.

Personality Disorder

A pattern of thought, feeling, and behavior that goes beyond the normal range of and causes problems for the affected individual or for others.

Behavioral Pattern

Consistent or repetitive modes of action or conduct exhibited by individuals in response to their environment.

Hallucinations

Perceptions or sensations experienced without any actual external stimulus, often auditory or visual, and associated with various mental health conditions.