The Addition of Nutrients to Replace Those Lost in Processing

question 111

Multiple Choice

The addition of nutrients to replace those lost in processing is called

• A)enrichment.
• B)fortification.
• C)GRAS.
• D)incidental addition.

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Definitions:

Weighted-Average Method

An inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.

Equivalent Units

A concept used in cost accounting to express the amount of work done on incomplete units in terms of fully completed units.

Finished Goods Inventory

Manufactured products that are complete and ready for sale.

Cost Of Goods Sold

The total direct costs attributable to the production of the goods sold in a company, including materials and labor.