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Addison, Inc

Question 8

Multiple Choice

Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Use this information to answer the questions that follow. Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Use this information to answer the questions that follow. -The inventory data for an item for November are: Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? A) $610 B) $600 C) $590 D) $580
-The inventory data for an item for November are: Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September. Use this information to answer the questions that follow. -The inventory data for an item for November are: Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO? A) $610 B) $600 C) $590 D) $580 Using a perpetual system, what is the cost of the goods sold for November if the company uses LIFO?


A) $610
B) $600
C) $590
D) $580

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