Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September:Inventory | 20 units at $20Sold | 10 unitsPurchased | 30 units at $25Sold | 20 unitsPurchased | 10 units at $30If Addison uses LIFO, the cost of the ending merchandise inventory on September 30 is
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Home » Business » Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September:Inventory | 20 units at $20Sold | 10 unitsPurchased | 30 units at $25Sold | 20 unitsPurchased | 10 units at $30If