Figure 6-5 Maynard Inc. Manufactures Desks. the Following Data Was Given for Given

question 120

Multiple Choice

Figure 6-5
Maynard Inc. manufactures desks. The following data was given for production in February: units, beginning work in process 0
units started 200
units completed ?
units, ending work in process (40% complete) 50
-Refer to Figure 6-5. 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:

Automobile Manufacturer

A company that engages in the design, production, marketing, and selling of motor vehicles.

Market Prices

The prevailing rates at which goods and services are traded in the market, determined by supply and demand.

Inputs

Resources used in the production process, including labor, materials, and capital.

Proprietorships

businesses owned and operated by a single individual, where the owner is personally responsible for the company's debts and obligations.