Answer the Following Questions Using the Information Below

question 24

Multiple Choice

Answer the following questions using the information below:
The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 75,000 chairs. During the month, the firm completed 80,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Rest-a-Lot. Beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs.
Beginning inventory:
Manufacturing costs added during the accounting period:

-How many of the units that were started during February were completed during February?

• A)85,000
• B)80,000
• C)75,000
• D)65,000

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Definitions:

Distinctive

Characterized by qualities that set something or someone apart from others.

Discrete

Referring to distinct, separate, or non-continuous values or entities.

Distinct Facial Characteristics

Unique facial features that can be used to identify individuals or sometimes are indicative of genetic conditions or syndromes.

Attracted

The action or power of evoking interest in or liking for someone or something.