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Maysonet Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Work in Process Bal. 1/1
Maysonet Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.
| Work in Process | |||
| Bal. 1/1 | 18,000 | Credits | ? |
| Debits | 520,000 | ||
| Bal. 12/31 | 34,000 | ||
The cost of completed jobs transferred from Work in Process to Finished Goods during the year was :
Multiple Choice
$504,000
$572,000
$520,000
$538,000
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