Maysonet Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. The cost of completed jobs transferred from Work in Process to Finished Goods during the year was:
A) $520,000
B) $572,000
C) $538,000
D) $504,000

Question

Maysonet Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.  The cost of completed jobs transferred from Work in Process to Finished Goods during the year was:
A) $520,000 
B) $572,000 
C) $538,000 
D) $504,000

Quizplus · Accepted Answer

The Answer of Maysonet Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.  The cost of completed jobs transferred from Work in Process to Finished Goods during the year was:
A) $520,000 
B) $572,000 
C) $538,000 
D) $504,000

Maysonet Corporation Uses a Job-Order Costing System and Has Provided