Cengage : CengageNOW/21 OnlX News! Dashboard × Chegg Study! Guidec × QChapter 7

Question

Cengage : CengageNOW/21 OnlX News! Dashboard × Chegg Study! Guidec × QChapter 7 quiz Flash × Q Chapter 7 Acct Flashc × + * . ¢v2.cengagenow.com/ilrntakeAssignment/takeAssignmentMain.do?!nvoker-... asearch Ch 7-4 Test Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September: 1. MC.07-049 20 units at 20 10 units 30 units at $25 20 unlts 10 unlts at $30 Sept. 1 2. MC.07-098 10 17 30 Sale Purchase Sale 3. MC.07-053 4. MC.07-105 If Addlson uses FIFo, the cost of the ending merchandse Inventory on September 30 Is Ca. $650 Ob. $750 5. MC.07-100 6. MC.07-079 c, 700 7. MC.07-064 d. $8o0 8. MC.07-096 9. MC.07-090 10. MC.07-059 11. MC.07-080 12. MC.07-054 13. MC.07-060 14. MC.07-070 Previous Next Progress: 7/21 items Time Remaining: 1:00:37 All work saved. Submit Test for Grading :01 PM Type here to search 97 11/16/2017 7

Explanation / Answer

Cost of ending merchandise = (10*30)+(20*25)= 800 Option D is correct

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