Use the Information Below for Adams Company to Answer the Questions

question 132

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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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 Cost of Goods Sold for Adams Company at the end of the first quarter?

• A) $456
• B) $2,685
• C) $1,685
• D) $685

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Definitions:

Hypnotized

A state of altered consciousness characterized by increased suggestibility, relaxation, and focused attention.

Diathesis-Stress Model

A psychological theory that explains behavior as both a result of biological and genetic factors ("diathesis") and life experiences ("stress").

Conversion Disorder

A mental condition in which a person shows psychological stress in physical ways without a medical cause, previously known as hysteria.

Medical Reason

Justifiable cause based on health or physical condition that explains a particular decision, action, or outcome in a medical context.