Addison,Inc

question 81

Multiple Choice

Addison,Inc.uses a perpetual inventory system.The following is information about one inventory item for the month of September:

If Addison uses LIFO,the cost of the ending merchandise inventory on September 30 is

• A)$800
• B)$650
• C)$750
• D)$700

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Definitions:

Fungus

A kingdom of spore-producing organisms feeding on organic matter, including molds, yeast, mushrooms, and toadstools.

Bacteria

Microscopic, single-celled organisms that exist in almost every environment on Earth.

Regulation

The control or management of a process or activity, often by rules or laws.

Climate

Generalized weather patterns of an area, primarily determined by temperature and average rainfall.