Find the Number of Terms in the Sequence or the Sum

question 24

Multiple Choice

Find the number of terms in the sequence or the sum of the sequence as requested.
-Find the sum of the following arithmetic sequence. 1 + 2 + 3 + . . . + 500

• A)125,000
• B)251,001
• C)62,500
• D)125,250

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Definitions:

Finished Goods

Inventory items that have completed the manufacturing process and are ready for sale to customers.

Variable Costing

A costing method that includes only variable costs—costs that change with production levels—in the calculation of unit costs.

Product Cost

The total expense involved in creating a product, including materials, labor, and overhead costs.

Production Cost

The total expense incurred in manufacturing a product, including raw materials, labor, and overhead costs.