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Barnacle Industries Incurred and Applied the Following Manufacturing Costs

Question 27

Multiple Choice

Barnacle Industries incurred and applied the following manufacturing costs: Barnacle Industries incurred and applied the following manufacturing costs: During 20x2, Barnacle finished products costing $78,000.Products costing $32,500 were sold for $41,600.What is the balance of Work-in-Process on Barnacle's balance sheet as of December 31, 20x2? A) $117,000 B) $84,500 C) $75,400 D) $39,000 E) $45,500 During 20x2, Barnacle finished products costing $78,000.Products costing $32,500 were sold for $41,600.What is the balance of Work-in-Process on Barnacle's balance sheet as of December 31, 20x2?


A) $117,000
B) $84,500
C) $75,400
D) $39,000
E) $45,500

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