Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September Sep. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 - 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 O b. $1,375.00 Oc $1,187.50 O d. $1,500.00

Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September Sep. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 - 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 O b. $1,375.00 Oc $1,187.50 O d. $1,500.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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