Simplify
- $$\frac { 4 + \frac { 2 } { x } } { \frac { x } { 4 } + \frac { 1 } { 8 } }$$

question 98

Multiple Choice

Simplify.
- $$\frac { 4 + \frac { 2 } { x } } { \frac { x } { 4 } + \frac { 1 } { 8 } }$$

• A) 16
• B) 1
• C) \(\frac { x } { 16 }\)
• D) \(\frac { 16 } { x }\)

Understand the roles and purposes of different types of trial balances in the accounting cycle.

Differentiate between the carrying amount and actual value of depreciable assets.

Recognize the treatment and accounting for prepaid expenses and accrued salaries.

Understand the concept and purpose of closing entries in the accounting process.

---

Definitions:

Cost of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Manufacturing Overhead Costs

Indirect costs related to manufacturing that cannot be directly attributed to specific units produced, such as maintenance and utility expenses.

Finished Goods Inventory

Finished goods inventory consists of items that have completed the manufacturing process and are ready to be sold to customers, representing a final stage in product inventory.

Weighted-Average Method

An inventory costing method that assigns a weighted average cost to each unit of inventory, based on the cost of goods available for sale and the number of units available.