On January 1, Frederic Manufacturing had a beginning balance in Work in Process inventory of...
70.2K
Verified Solution
Link Copied!
Question
Accounting
On January 1, Frederic Manufacturing had a beginning balance in Work in Process inventory of $164.000 and a beginning balance in Finished Goods Inventory of $25.000 During the year Frederic incurred manufacturing costs of 5201,000 During the year the following transactions occurred Job was completed for a stal cost of $140 000 and was sold for 5158000 Job was completed for a total cost of $184000 and was sold for 5211 000 Job was compared for a cout 101.000 was not as of year-end The Mandatung Overhead then usted cre a ce of 25.000 and What was the final balance in the cost of Goods Sold account? adjusted OA5349.000 debit balance OBI 5299.000 b balance OC 125 000 crot balance OD 5349 000 credit balance
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!