Question
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 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 gross profit for Adams Company at the end of the first quarter?
a.$1,685
b.$685
c.$2,685
d.$1,000
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The Practitioners Blueprint To Construction Auditing
Authors: Ron Risner
1st Edition
0894137263, 978-0894137266
