QUESTION 9

1. (09) Mary had the following events:

   January

   • Started making 1unit of Product X. She incurred $300. But she could not get them finished.

   February

   • Finished the unit (which was started in January) at an additional cost of $200.
   • Started another 3 units, and finished the 3 units at a cost of $500 each, $1,500 total.
   • Started 4 more units, incurred $150 each, $600 total. None of these 4 units were finished.
   • Sold the very first unit (started in January) for $800 on account.

   March

   • Collected $800 cash on accounts receivable

   Cost of goods manufactured for February is: _______

   		$2,300
   		$1,600
   		$2,000
   		$1,700

4 points

QUESTION 10

1. (09) Use the same information given in the above question. the question above this

   Manufacturing costs for February are: _______

   		$2,300
   		$2,000
   		$2,600
   		$1,700