Multiple Choice
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 gross profit for Adams Company at the end of the first quarter?
A) $1,685
B) $2,685
C) $1,000
D) $685
Correct Answer:
Verified
Correct Answer:
Verified
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