Question: Can you please assist me with my study guide. Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for
Can you please assist me with my study guide.

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 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 If Addison uses FIFO, the cost of the ending merchandise inventory on September 30 is $800 $650 O $750 O $700 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 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 $800 $650 $750 $700 Assign the letter to indicate whether the following items would be added or subtracted from the company's books or the bank statement during the construction of a bank reconciliation. deposit in transit bank service charge outstanding checks 1. added to the company's books a $1,000 note from one of your customers was collected by the bank 2. bubtracted from the company's books NSF check 3. added to the bank statement balance subtracted from the bank statement 4. EFT deposit from a customer balance charges for some other company's safe deposit box were posted to your account interest revenue earned by the note above
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