AutoSum Works Best If Every Cell in the Row or Column

question 30

Multiple Choice

AutoSum works best if every cell in the row or column of cells contains a ____.

• A)label
• B)value
• C)either a.or b.
• D)neither a.nor b.

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

FIFO Process Costing

An accounting method used to evaluate the cost of production, where the first items produced are assumed to be the first sold or used.

Equivalent Units

A concept in cost accounting used to calculate the units produced during a period in terms of fully completed units.

Direct Materials

Raw materials that can be directly attributed to the manufacturing process of a product.