Barnacle Industries incurred and applied the following manufacturing costs: ...
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Accounting
Barnacle Industries incurred and applied the following manufacturing costs:
| Direct material | $ | 39,000 | |
| Direct labor | 26,000 | ||
| Manufacturing overhead | 52,000 | ||
During 20x2, Barnacle finished products costing $78,000. Products costing $32,500 were sold for $41,600. What is the balance of Finished Goods on Barnacles balance sheet as of December 31, 20x2?
Multiple Choice
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$117,000
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$84,500
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$78,000
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$39,000
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$45,500
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