Question: Addison, Inc. uses a perpetual inventory system. Information about one inventory item for teh month of September follows. Sep. 1 Inventory 20 units at $20

Addison, Inc. uses a perpetual inventory system. Information about one inventory item for teh month of September follows.

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, what is the September 30 inventory balance?

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