Effective Assessment: ​

question 20

Multiple Choice

Effective assessment: ​

• A)helps the teacher find the appropriate instructional level for each student.
• B)maximize time for teaching and learning.
• C)looks at the child as a whole and involves many formal and informal methods.
• D)All of the choices are correct.

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Definitions:

Cost Reconciliation

The process of verifying and adjusting the cost of a production process or manufacturing order to reflect actual costs incurred.

Work in Process Inventory

The value of all unfinished goods currently in production, including materials, labor, and overhead costs up to the point of calculation.

Units Transferred Out

A rephrased definition is: The quantity of products that have completed a particular stage of the production process and are moved to the next stage or finished goods inventory.

Weighted-Average Method

An accounting technique used to calculate the cost of goods sold and ending inventory cost by averaging the costs of all goods available for sale.