Determine the Ratio and Write It in Lowest Terms $\frac { 5 } { 22 }$

question 37

Multiple Choice

Determine the ratio and write it in lowest terms.
-7 yards to 4 feet

• A) \(\frac { 5 } { 22 }\)
• B) \(\frac { 4 } { 21 }\)
• C) \(\frac { 21 } { 4 }\)
• D) \(\frac { 22 } { 5 }\)

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Definitions:

Conversion Costs

Expenses related to converting raw materials into finished goods, including labor and overhead costs.

Opening Inventory

The value or quantity of goods on hand at the beginning of an accounting period.

FIFO Process Costing

A method of process costing that assumes the first items produced are the first sold or used, ideal for businesses where inventory shelf life is a concern.

Equivalent Unit

A concept in cost accounting used to measure the amount of work done on partial units of production, converting them into a number of fully completed units for costing purposes.