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:   Balance Job 356 $450     Job 357 1,235     Job 358 378     Job 359 689     Job 360 456     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.$1,067 b.$2,752 c.$1,685 d.$456

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Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $424,060 and its direct labor costs to be $815,500. 2M worked on three jobs for the year. Job 2M-1. which was sold during Year 2, had actual direct labor costs of $632.500. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $425,500. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $92,000. Actual manufacturing overhead for Year 2 was $632,400. Required: Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No A Transaction 1 Answer is not complete. General Journal Cost of Goods Sold Finished Goods Inventory Work-in-Process Inventory Manufacturing Overhead Applied 3333…

A company has the following transactions during the week. Purchase of $900 raw materials inventory Assignment of $400 of raw materials inventory to Job 5 Payroll for 15 hours with $600 assigned to Job 5 Factory utility bills of $740 Overhead applied at the rate of $9 per hour What is the cost assigned to Job 5 at the end of the week?