Use the Information Below for Adams Company to Answer the Questions

question 100

Multiple Choice

Use the information below for Adams Company to answer the questions that follow.
​
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:
​
​
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 Finished Goods for Adams Company at the end of the first quarter?

• A) $456
• B) $1,067
• C) $1,685
• D) $2,752

---

Definitions:

Nuclear Family

A family unit consisting of parents (both a mother and a father) and their children, living together as a single household.

Traditional Nuclear Family

A family structure consisting of two parents (male and female) living with their biological or adopted children in a single household.

Works Outside

Employment or activities performed outside of traditional office environments, which can include outdoor labor, remote work, or fieldwork.

Without Pay

Refers to a situation or condition in which work or service is provided by an individual without receiving financial compensation.