At the Beginning of the Year,Judge Manufacturing Had the Following $$\begin{array}{c}\text { Work-in-Process Inventory }\\\hline\begin{array} { l|l } 20,000\\\\\\\\\end{array}\end{array}$$

question 114

Multiple Choice

At the beginning of the year,Judge Manufacturing had the following account balances: $$\begin{array}{c}\text { Work-in-Process Inventory }\\\hline\begin{array} { l|l } 20,000\\\\\\\\\end{array}\end{array}$$
$$\begin{array}{c}\text {Finished Goods Inventory}\\\hline\begin{array} { l|l } 8,000\\\\\\\\\end{array}\end{array}$$
$$\begin{array}{c}\text {Manufacturing Overhead}\\\hline\begin{array} { l|l } 0\\\\\\\\\end{array}\end{array}$$
$$\begin{array}{c}\text {Cost of Goods Sold}\\\hline\begin{array} { l|l } 0\\\\\\\\\end{array}\end{array}$$
$$\begin{array}{c}\text {Sales Revenue}\\\hline\begin{array} { l|l } &0\\\\\\\\\end{array}\end{array}$$
The following additional details are provided for the year:
$$\begin{array} { | l | r | } \hline \text { Direct materials placed in production } & \$ 83,500 \\\hline \text { Direct labor incurred } & 190,500 \\\hline \text { Manufacturing overhead incurred } & 300,400 \\\hline \begin{array} { l } \text { Manufacturing overhead allocated to } \\\text { production }\end{array} & 297,900 \\\hline \text { Cost of jobs completed and transferred } & 501,700 \\\hline\end{array}$$ The ending balance in the Finished Goods Inventory account is a ________.

• A)debit of $509,700
• B)debit of $501,700
• C)debit of $8,000
• D)debit of $571,900

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