Materials That Would Be Used for a Construction Project Are

question 3

Multiple Choice

Materials that would be used for a construction project are

• A) concrete truck delivery fees and permits.
• B) people, money, and time.
• C) lumber, windows, and paint.
• D) rough carpenters, plumbers, and finishers.

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Definitions:

Units

The individual items or product quantities produced or sold by a business.

FIFO Method

An inventory valuation method that assumes items purchased or produced first are sold first, and the newer inventory remains unsold.

Equivalent Units

Equivalent units are used in cost accounting to express the amount of work done on incomplete products in terms of fully completed units of output.

Materials

Raw items or components that are used to manufacture a finished product.