Solt Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. The Cost of Goods Manufactured for the year was $415,000.The unadjusted Cost of Goods Sold for the year was:
A) $503,000
B) $415,000
C) $403,000
D) $453,000

Question

Solt Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.  The Cost of Goods Manufactured for the year was $415,000.The unadjusted Cost of Goods Sold for the year was:
A) $503,000 
B) $415,000 
C) $403,000 
D) $453,000

Quizplus · Accepted Answer

11ea7761_18df_93e1_81a5_bb5fe9aa78a4_TB2580_00 Alternatively,
 11ea7761_18df_93e2_81a5_cd237d66f2be_TB2580_00

Solt Corporation Uses a Job-Order Costing System and Has Provided