The SI Prefixes Kilo and Centi Represent, Respectively

question 108

Multiple Choice

The SI prefixes kilo and centi represent, respectively:

• A)10³ and 10^-2.
• B)10⁶ and 10^-1.
• C)10^-3 and 10^-2.
• D)10^-6 and 10².
• E)10² and 10^-3.

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Definitions:

Work in Process Inventory

The cost of unfinished goods in the manufacturing process at a specific point in time.

First-In, First-Out Method

An inventory valuation method where the oldest inventory items are recorded as sold first, leaving the most recently purchased items in inventory.

Equivalent Units

A concept used in cost accounting to express the amount of work done on partially finished goods in terms of fully finished goods, helpful in calculating costs in process costing systems.

Assembly Department

A division within a manufacturing process where parts are assembled to create a final product.