On January 1, 2015, Frederic Manufacturing Had a Beginning Balance

question 117

Multiple Choice

On January 1, 2015, Frederic Manufacturing had a beginning balance in Work-in-Process Inventory of $160,000 and a beginning balance in Finished Goods Inventory of $20,000. During the year, Frederic incurred manufacturing costs of $200,000. During the year, the following transactions occurred:
Job C-62 was completed for a total cost of $140,000 and was sold for $155,000.
Job C-63 was completed for a total cost of $180,000 and was sold for $210,000.
Job C-64 was completed for a total cost $80,000 but was not sold as of year-end.
The Manufacturing Overhead account had an unadjusted credit balance of $24,000, and was cleared to zero at year-end.
What was the final balance in the Cost of Goods Sold account?

• A)$296,000 debit balance
• B)$341,000 debit balance
• C)$341,000 credit balance
• D)$296,000 credit balance

---

Definitions:

Defenseless Species

Species that lack physical defenses or behavioral strategies to effectively protect themselves from predators.

Dangerous Species

Species that pose a threat to human health or safety, either through direct aggression, toxicity, or disease transmission.

Keystone Species

A species that plays a crucial role in maintaining the structure of an ecological community, affecting many other organisms in an ecosystem.

Proportionate

Being in correct relation or balance between parts in terms of size, quantity, or degree.