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Exhibit 7-3 Davis Co

Question 30

Multiple Choice

Exhibit 7-3 Davis Co. had the following inventory activity during April: Exhibit 7-3 Davis Co. had the following inventory activity during April: -Refer to Exhibit 7-3. Assuming Davis uses a perpetual LIFO cost flow assumption, ending inventory at April 30 would be A) $880 B) $920 C) $1,090 D) $1,890
-Refer to Exhibit 7-3. Assuming Davis uses a perpetual LIFO cost flow assumption, ending inventory at April 30 would be


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

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