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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
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 No. 356 $ 450 Job No. 357 1,235 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? O $0 $456 $3,208 $2,752
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