Use the Information Below for Adams Company to Answer the Questions

question 48

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 Work in Process for Adams Company at the end of the first quarter?

• A) $0
• B) $456
• C) $3,208
• D) $2,752

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Definitions:

Hot Spot

A hot spot is a volcanic region thought to be fed by underlying mantle that is anomalously hot compared with the surrounding mantle.

Uplift

The geological process of rising segments of the Earth's crust, contributing to mountain formation and changes in topography.

Sierra Nevada Batholith

A large mass of igneous rock, primarily granite, located in the Sierra Nevada range, formed by the cooling of magma beneath the Earth's surface.

Ocean-Continent Convergence

A tectonic plate boundary situation where an oceanic plate is forced underneath a continental plate, often causing volcanic and seismic activity.