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-If Addison Uses LIFO,the Cost of the Ending Merchandise Inventory

Question 34

Multiple Choice

 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 \begin{array}{l}\begin{array}{lll}\text { Sep. } & 1& \text { Inventory } \\&4 & \text { Sold } \\& 10 & \text { Purchased } \\& 17 & \text { Sold } \\& 30 & \text { Purchased } \\\end{array}\begin{array}{lll}\quad\quad\quad\quad\quad\quad\\\end{array}\begin{array}{lll}20& \text { units at \$20 } \\10& \text { units } \\30& \text { units at \$25 } \\20& \text { units } \\10& \text { units at \$30 } \\\end{array}\end{array}
-If Addison uses LIFO,the cost of the ending merchandise inventory on September 30 is


A) $800
B) $650
C) $750
D) $700

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