Exhibit 7-3 Davis Co

question 60

Multiple Choice

Exhibit 7-3 Davis Co. had the following inventory activity during April:
-Refer to Exhibit 7-3. Assuming Davis uses a periodic 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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Definitions:

Aggregate Fruit

A type of fruit that develops from multiple ovaries of a single flower, each segment maturing into a smaller fruit segment.

Blackberry

A fruit produced by many species in the Rubus genus within the Rosaceae family, known for its dark, purple-black color and composed of a cluster of drupelets.

Pea

A small, spherical seed or the seed-pod of the plant Pisum sativum, commonly used as a vegetable in cooking.

Endosperm Mother Cell

A cell in plants that undergoes meiosis to produce the endosperm after fertilization, which provides nutrients to the developing seed.