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Use the Information Below for Adams Company to Answer the Questions

Question 48

Multiple Choice

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

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