Exhibit 7-3 Davis Co. had the following inventory activity during April: Refer to Exhibit 7-3....
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Exhibit 7-3 Davis Co. had the following inventory activity during April: Refer to Exhibit 7-3. Assuming Davis uses a perpetual FIFO cost flow assumption, ending inventory at April 30 would be a. $1,090 b. $920 c. $1,890 d. $880 Exhibit 7-3 Davis Co, had the following inventory activity during April: Beginning inventory Purchase (April 3) Sale (April 10) Purchase (April 18) Refer to Exhibit 7-3. Assuming Davis uses a perpetual LIFO cost flow assumption, ending inventory at April 30 would be a. $1,390 b. $640 c. $880 d. $750
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