Barnacle Industries incurred and applied the following manufacturing costs: During 20x2, Barnacle ﬁnished products costing $78,000.Products costing $32,500 were sold for $41,600.What is the balance of Work-in-Process on Barnacle's balance sheet as of December 31, 20x2?
A)$117,000
B)$84,500
C)$75,400
D)$39,000
E)$45,500

Question

Barnacle Industries incurred and applied the following manufacturing costs:  During 20x2, Barnacle ﬁnished products costing $78,000.Products costing $32,500 were sold for $41,600.What is the balance of Work-in-Process on Barnacle's balance sheet as of December 31, 20x2?
A)$117,000 
B)$84,500 
C)$75,400 
D)$39,000 
E)$45,500

Quizplus · Accepted Answer

The Answer of Barnacle Industries incurred and applied the following manufacturing costs:  During 20x2, Barnacle ﬁnished products costing $78,000.Products costing $32,500 were sold for $41,600.What is the balance of Work-in-Process on Barnacle's balance sheet as of December 31, 20x2?
A)$117,000 
B)$84,500 
C)$75,400 
D)$39,000 
E)$45,500

Barnacle Industries Incurred and Applied the Following Manufacturing Costs