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At the beginning of the year, Green Street Manufacturing had the following account balances: WorkinProcess Inventory 2,000 Finished Goods Inventory 8,000 Manufacturing Overhead 0 Cost
At the beginning of the year, Green Street Manufacturing had the following account balances: WorkinProcess Inventory 2,000 Finished Goods Inventory 8,000 Manufacturing Overhead 0 Cost of Goods Sold 0 Sales Revenue 0 The following additional details are provided for the year: Direct materials placed in production $84,000 Direct labor incurred 194,000 Manufacturing overhead incurred 304,000 Manufacturing overhead allocated to production 293,000 Cost of jobs completed and transferred 504,000 Total revenue 758,000 Cost of goods sold 446,000 After adjusting the balance in Manufacturing Overhead, the ending balance in the Finished Goods Inventory account is a ________. Question content area bottom Part 1 A. credit of $438,000 B. debit of $58,000 C
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