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Exhibit 8-3 Davilo Co -Refer to Exhibit 8-3

Question 30

Multiple Choice

Exhibit 8-3 Davilo Co.had the following inventory activity during April:
 Units  Unit cost Beginning inventory 100$8 Purchase (April 3)  6012 Sale (April 10)  80 Purchase (April 18)  5015 Purchase (April 23)  8018 Sale (April 28)  100\begin{array}{lll}&&\text { Units }\\& \text { Unit }&\text{cost}\\\text { Beginning inventory } & 100 & \$ 8 \\\text { Purchase (April 3) } & 60 & 12 \\\text { Sale (April 10) } & 80 & \\\text { Purchase (April 18) } & 50 & 15 \\\text { Purchase (April 23) } & 80 & 18 \\\text { Sale (April 28) } & 100 &\end{array}

-Refer to Exhibit 8-3.Assuming Davilo uses a periodic LIFO cost flow assumption, ending inventory at April 30 would be


A) $ 880
B) $ 920
C) $1, 090
D) $1, 890

Correct Answer:

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