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

question 75

Multiple Choice

Exhibit 8-3 Davilo Co.had the following inventory activity during April:
$\begin{array}{lll}&&\text { Units }\\& \text { Unit }&\text{cost}\\\text { Beginning inventory } & 100 & \$ 8 \\\text { Purchase (April 3) } & 60 & 12 \\\text { Sale (April 10) } & 80 & \\\text { Purchase (April 18) } & 50 & 15 \\\text { Purchase (April 23) } & 80 & 18 \\\text { Sale (April 28) } & 100 &\end{array}$
- Refer to Exhibit 8-3.Assuming Davilo uses a periodic FIFO cost flow assumption, ending inventory at April 30 would be

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

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Definitions:

Item Response Theory

A theory and approach in psychometrics that models the relationship between individuals' abilities or traits and their item responses, emphasizing the probability of a discrete outcome.

Cross-Cultural Comparisons

The study of similarities and differences in behavior, traditions, and social processes among cultures.

Item-Responding Differences

Variations in how individuals answer or react to specific items on assessments, which can impact the interpretation of their responses.

Individualism/Collectivism Dichotomy

A cultural dimension that describes the degree to which people in a society prioritize individual goals and independence over group goals and cohesion.