Tern's Toys Incurred $1,500 in Production Costs for the Week

question 51

Multiple Choice

Tern's Toys incurred $1,500 in production costs for the week. Work in process decreased by $100, and finished goods inventory increased by $500.
What was the cost of jobs completed?

• A) $1,100
• B) $1,400
• C) $1,500
• D) $1,600

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