Archetype Fabrication Makes Pre-Stressed Concrete Forms for the Building Industry

question 113

Multiple Choice

Archetype Fabrication makes pre-stressed concrete forms for the building industry. They use just-in-time production and accounting methodology. At the beginning of January, selected account balances are shown in the T-accounts below. During January, the following 5 transactions take place:
Use the T-accounts shown above to record the transactions, and then answer the following question:
After transaction number 4, what was the balance in the Finished goods inventory account?

• A)$28,600
• B)$18,600
• C)$23,400
• D)$26,900

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