Match Each Improper Fraction with Its Equivalent Mixed Number or Whole

question 14

Multiple Choice

Match each improper fraction with its equivalent mixed number or whole number.
- $1 \frac { 7 } { 8 } \times 2 \frac { 3 } { 5 }$ =

• A) \(\frac { 2 } { 3 }\)
• B) \(4 \frac { 7 } { 8 }\)
• C) \(1 \frac { 1 } { 3 }\)
• D) \(11 \frac { 1 } { 3 }\)

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Definitions:

Average Costing

A method of inventory costing that determines the cost of goods sold and ending inventory value by calculating a weighted average of all costs for goods available for sale.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced items are recorded as sold first.

Falling Prices

A situation where the general level of prices for goods and services decreases over time.

LIFO Method

An inventory valuation method that assumes the last items added to inventory are the first ones to be sold (Last In, First Out).