On January 1, Frederic Manufacturing had a beginning balance in

WorkminusinminusProcess

Inventory of

$ 163 comma 000$163,000

and a beginning balance in Finished Goods Inventory of

$ 20 comma 000$20,000.

During the year, Frederic incurred manufacturing costs of

$ 202 comma 000$202,000.

During the year, the following transactions occurred:

Job

Cminus62

was completed for a total cost of

$ 140 comma 000$140,000

and was sold for

$ 155 comma 000$155,000.

Job

Cminus63

was completed for a total cost of

$ 183 comma 000$183,000

and was sold for

$ 212 comma 000$212,000.

Job

Cminus64

was completed for a total cost

$ 83 comma 000$83,000

but was not sold as of

yearminusend.

The Manufacturing Overhead account had an unadjusted credit balance of

$ 24 comma 000$24,000

and was adjusted to zero at

yearminusend.

What was the final balance in the Cost of Goods Sold account?

A.

$ 347 comma 000$347,000

debit balance

B.

$ 347 comma 000$347,000

credit balance

C.

$ 299 comma 000$299,000

debit balance

D.

$ 299 comma 000$299,000

credit balance