Jorst Manufacturing Company Began Business on January 1, 2012

question 69

Multiple Choice

Jorst Manufacturing Company began business on January 1, 2012. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end: Jorst's allocation of overhead costs left a debit balance of $1,200 in the Manufacturing overhead account which was adjusted to zero at year-end. What was the final balance in Cost of goods sold?

• A)$48,000
• B)$49,200
• C)$46,800
• D)$91,700

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