Business, 21.02.2020 00:03 lkhushi

I will appreciate if anyone can show me the procediment to find the answers that I already have in LIFO and FIFO method.

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

Sep. 1 Inventory 20 units at $20
4 Sold 10 units
10 Purchased 30 units at $25
17 Sold 20 units
30 Purchased 10 units at $30

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

a.$800

b.$750 ANSWER

c.$650

d.$700

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