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: balance job no. 356 $ 450 job no. 357 1,235 job no. 358 378 job no. 359 689 job no. 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? a. $1,685

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.