Question: step by step Question 15 (3 points) Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month

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Question 15 (3 points) 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 Purchased 30 units at $25 EE Sold 20 units Purchased 10 units at $30 If Addison uses LIFO the cost of the ending merchandise inventory on September 30 18 C $800 $650 $750 $700

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