Ben Has Just Learned to Open and Close Doors on His

question 29

Multiple Choice

Ben has just learned to open and close doors on his own.He is delighted with his new acheivement and keeps opening and closing doors continuously.The type of play Ben is engaging in here is known as _____ play.

• A)practice
• B)pretense
• C)constructive
• D)social

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Definitions:

Weighted-Average Method

A method for determining the cost of goods sold and the value of the remaining inventory by calculating the average cost of all available units for sale.

Conversion Costs

The sum of direct labor and manufacturing overhead costs, representing the costs to convert raw materials into finished products.

Direct Materials

The raw materials that are directly traced and integrated into the final product and are a significant part of the manufacturing cost.

Weighted-Average Method

is an inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.