Question: Addison, Inc. uses a perpetual inventory system. Information about one inventory item for the month of September follows. Date Line Item Description Units and Cost

Addison, Inc. uses a perpetual inventory system. Information about one inventory item for the month of September follows. Date Line Item Description Units and Cost 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 FIFO, the September 30 inventory is a.$750 b.$800 c.$700 d.$650

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