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Business, 06.03.2020 03:23 lIechonoxIl
On January 1 Primary Manufacturing had a beginning balance in Work-in-Process Inventory of $81,300 and a beginning balance in Finished Goods Inventory of $22,000. During the year, Primary incurred manufacturing costs of $352,000. In addition, the following transactions occurred during the year: Job A-12 was completed for a total cost of $120,000 and was sold for $125,000. Job A-13 was completed for a total cost of $202,000 and was sold for $214,000. Job A-15 was completed for a total cost $63,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $11,000, and was adjusted to zero at year-end. What was the final balance in the Cost of Goods Sold account?
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On January 1 Primary Manufacturing had a beginning balance in Work-in-Process Inventory of $81,300 a...
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