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

Question

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

Quizplus · Accepted Answer

Davis uses a perpetual LIFO cost flow assumption, so the ending inventory at April 30 would be $1,090.