Use a Calculator to Approximate to Three Decimal Places

question 171

Multiple Choice

Use a calculator to approximate to three decimal places.
-

• A) 1209.716
• B) 2.206
• C) 4.866
• D) 0.206

---

Definitions:

Completed Unit

A unit of product that has undergone all stages of production and is ready for sale or distribution.

First-in

Refers to the 'First-In, First-Out' (FIFO) inventory valuation method where the first items acquired are the first ones sold.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.

Equivalent Units

An approach utilized in process costing to translate partially finished units into an equivalent number of completely finished units.