COST ACCOUNTING:

(I) 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 (30% complete)	50

What are the equivalent units?

a) 170

b) 150

c) 180

d) 165

(II) Rinas company has a sales budget for next month of $150,000. Cost of goods sold is expected to be 40% of sales. All goods are purchases in the month used and paid for in the month following purchase. The beginning inventory of merchandise is $6,000 and an ending inventory of $5,000 is desired. Beginning accounts payable is $38,000

How much inventory will Rinas company need to purchase next month:

a) $61K

b) $60K

c) $59K

d) $65K