Adams Company is 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 No 356.............................$450
Job No 357.............................1235
Job No 358...............................378
Job No 359...............................689
Job No 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 Work in process for Adams Company at the end of the first quarter?
a. $3208
b. $ 2752
c. $456
d. $0