Use the Following Information to Calculate the "Weighted Average Number

question 3

Multiple Choice

Use the following information to calculate the "weighted average number of ordinary shares outstanding" (WASO) ? $$\begin{array} {| l | r |} \hline \text { Ordinary shares, January 1, 2013 } & 120,000 \\\hline \text { Shares issued, March 1, 2013 } & 60,000 \\\hline \text { Shares repurchased, June 1, 2013 } & 30,000 \\\hline \text { Dividends paid on ordinary shares, Nov 1, 2013 } & 90,000\\\hline\end{array}$$

• A)112,500
• B)152,500
• C)157,500
• D)170,000

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Definitions:

FIFO Method

An inventory valuation method where the first items acquired are the first ones sold, standing for "First In, First Out."

Circuit Prep Department

A specific division within a manufacturing or processing facility focused on preparing components for assembly or processing circuits.

Equivalent Units

A concept used in cost accounting to represent a portion of the work-in-progress inventory as a completed unit, facilitating easier calculation of unit costs during a period.

FIFO Method

A inventory valuation method that assumes the first items placed in inventory are the first ones sold.