Complete the Operation and Simplify If Necessary $\frac { 4 } { 13 } + \frac { 7 } { 26 }$

question 81

Multiple Choice

Complete the operation and simplify if necessary. $\frac { 4 } { 13 } + \frac { 7 } { 26 }$

• A) \(\frac { 3 } { 19 }\)
• B) \(\frac { 15 } { 26 }\)
• C) \(\frac { 15 } { 52 }\)
• D) \(15\)
• E) \(\frac { 9 } { 13 }\)

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Definitions:

First-In, First-Out Method

An accounting method for valuing inventory where the oldest items are sold or used first.

Equivalent Units

A concept in process costing that converts partially completed units into a number of equivalent full units for the purpose of cost assignment.

Weighted-Average Method

An inventory valuation technique that calculates the cost of inventory by taking the average cost of all similar items present in the inventory.

First-In, First-Out Method

An inventory valuation method whereby the oldest inventory items are recorded as sold first, thus the cost of items purchased first is charged against revenue earlier.