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There Are Currently 296 Levels Active on a CAD Project

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There are currently 296 levels active on a CAD project. If this number is reduced by half and then by half once more, how many levels are now active?

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Definitions:

Periodic FIFO

An inventory valuation method where goods are sold based on the assumption that the oldest inventory items are sold first.

Ending Inventory

At the close of an accounting period, the financial worth of products available for sale, computed by starting with the inventory at the beginning, adding in purchases, and deducting the cost of goods sold.

Inventory Costing

The methodology for assigning costs to inventory items, which may include approaches like FIFO, LIFO, or average cost methods.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated after considering the cost of goods sold.

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