Use the information below for Adams Company to answer the questions that follow.

Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter:

Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job.
-What is the ending balance of Work in Process for Adams Company at the end of the first quarter?
A) $0
B) $456
C) $3,208
D) $2,752

Question

Use the information below for Adams Company to answer the questions that follow.
​
Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter:
​
​
  Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job.
-What is the ending balance of Work in Process for Adams Company at the end of the first quarter?
A) $0 
B) $456 
C) $3,208 
D) $2,752

Quizplus · Accepted Answer

The Answer of Use the information below for Adams Company to answer the questions that follow.
​
Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter:
​
​
  Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job.
-What is the ending balance of Work in Process for Adams Company at the end of the first quarter?
A) $0 
B) $456 
C) $3,208 
D) $2,752

Use the Information Below for Adams Company to Answer the Questions