Question

Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter: Job. No. Balance 356 $ 450 357 1,235 358 378 359 689 360 456 Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job. What is the balance of Sales for Adams Company at the end of the first quarter

Answer 1

Answer: $‭2,685‬

Explanation:

For the balance of Sales, look at Jobs that were sold in the first quarter.

Jobs 356 and 357.

They were sold at $500 profit each.

Balance of sales = (450 + 500) + (1,235 + 500)

= $‭2,685‬