Baynor Inc -Refer to the Figure

question 119

Multiple Choice

Baynor Inc. manufactures desks. The following data was given for production in January:
$\begin{array}{llr} \text { Units, beginning work in process } &0\\ \text { Units staited } &200\\ \text { Units completed } &?\\ \text { Units, ending work in process ( \( 40 \% \) complete) } &50\end{array}$

-Refer to the figure.If a total of $11,050 in production costs was incurred,what would the unit cost be in January?

• A)$55.25
• B)$65
• C)$73.67
• D)$221

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Definitions:

Economic Worth

The value of an asset, company, or service determined through market dynamics, financial performance, and future earnings potential.

Financial Statements

Reports detailing the financial performance of a company, including balance sheet, income statement, cash flow statement, and statement of shareholders' equity.

Readily Observable

Pertains to information or data that is easily seen, recognized, or understood through minimal effort, often used in finance and economics.

Avoidable Interest

Interest cost that a company can avoid if it does not undertake a project or an investment; typically considered in capital budgeting to assess potential savings.