On January 1 Primary Manufacturing Had a Beginning Balance in Work-In-Process

On January 1 Primary Manufacturing had a beginning balance in Work-in-Process Inventory of $80,400 and a beginning balance in Finished Goods Inventory of $22,000.During the year,Primary incurred manufacturing costs of $352,000. In addition,the following transactions occurred during the year:
Job A-12 was completed for a total cost of $121,000 and was sold for $125,000.
Job A-13 was completed for a total cost of $201,000 and was sold for $213,000.
Job A-15 was completed for a total cost $64,000 but was not sold as of year-end.
The Manufacturing Overhead account had an unadjusted credit balance of $11,000,and was adjusted to zero at year-end.
What was the final balance in the Cost of Goods Sold account?

A) $311,000 debit balance
B) $333,000 debit balance
C) $322,000 debit balance
D) $11,000 credit balance

Correct Answer:

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