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QUESTION 1 Phelan's Pastries incurred $1,800 in production costs for the week. Work in process decreased by $100, and finished goods inventory increased by $500.

QUESTION 1

  1. Phelan's Pastries incurred $1,800 in production costs for the week. Work in process decreased by $100, and finished goods inventory increased by $500. What was the cost of jobs completed? (Hint: use a T-account)

    A.

    $1,900

    B.

    $1,600

    C.

    $1,100

    D.

    $1,700

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