Perform the Indicated Operation and Reduce the Answer to Lowest $$\frac { 1 } { 7 } - \frac { 1 } { 12 }$$

question 165

Multiple Choice

Perform the indicated operation and reduce the answer to lowest terms.
- $$\frac { 1 } { 7 } - \frac { 1 } { 12 }$$

• A) \(\frac { 5 } { 7 }\)
• B) \(\frac { 1 } { 84 }\)
• C) \(\frac { 5 } { 84 }\)
• D) \(\frac { 1 } { 7 }\)

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Definitions:

FIFO Method

First-In, First-Out, an inventory valuation method where the oldest inventory items are sold or used first.