Addison, Inc

Multiple Choice

Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September.

-Use the information in the table to answer this question. If Addison uses the weighted average cost method, what is the inventory balance at the end of September?

A) $1,150.00
B) $1,187.50
C) $1,375.00
D) $1,500.00