Maynard Inc If a Total of $11,050 in Production Costs Were Incurred

question 20

Multiple Choice

Maynard Inc. manufactures desks. The following data was given for production in February: $$\begin{array} { l r } \text { units, beginning work in process } & 0 \\\text { units started } & 200 \\\text { units completed } & ? \\\text { units, ending work in process ( } 40 \% \text { complete) } & 50\end{array}$$ If a total of $11,050 in production costs were incurred, how much cost is assigned to the units completed?

• A)$11,050
• B)$3.250
• C)$8,287.50
• D)$9,750
• E)none of the above

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Definitions:

Duplex

A dwelling consisting of two living units with separate entrances, either side by side or on two different floors.

Lease Agreement

In regard to the lease of goods, an agreement in which one person (the lessor) agrees to transfer the right to the possession and use of property to another person (the lessee) in exchange for rental payments.

Writing

The act or process of producing texts, such as letters, documents, or creative materials, using a pen, pencil, typewriter, or computer.

Warranty Deed

A legal document in real estate transactions that guarantees the seller holds clear title to the property and has the right to sell it.