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On January 1 Primary Manufacturing had a beginning balance in Work - in - Process Inventory of $81,600 and a beginning balance in Finished Goods

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On January 1 Primary Manufacturing had a beginning balance in Work - in - Process Inventory of $81,600 and a beginning balance in Finished Goods Inventory of $20,000. During the year, Primary incurred manufacturing costs of $350,000. In addition, the following transactions occurred during the year: Job A - 12 was completed for a total cost of $123,000 and was sold for $126,000. Job A - 13 was completed for a total cost of $204,000 and was sold for $210,000. Job A - 15 was completed for a total cost $63,000 but was not sold as of year - end. The Manufacturing Overhead account had an unadjusted credit balance of $11,000, and was adjusted to zero at year-end. What was the final balance in the Cost of Goods Sold account? A. $316,000 debit balance B. $11,000 credit balance C. $327,000 debit balance D. $338,000 debit balance

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