Question: Addison, Inc. uses a perpetual inventory system. Information about one inventory item for the month of September follows. Sep. 1 Inventory 4 Sold 1 0

Addison, Inc. uses a perpetual inventory system. Information about one inventory item for the month of September follows.
Sep. 1 Inventory
4 Sold
10 Purchased
17 Sold
30 Purchased
20 units at $20
10 units
30 units at $25
20 units
10 units at $30
If Addison uses LIFO, the September 30 inventory balance is
a. $800
b. $650
c. $700
d. $750
Addison, Inc. uses a perpetual inventory system. Information about one inventory

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