Homework Answers
Answer: 1685.
As per question only job 356 and job 357 were sold, thus the sale value and the cost of goods sold will be
| Job no. | Cost | Profit | Sale value |
| 356 | 450 | 500 | 950 |
| 357 | 1235 | 500 | 1735 |
| TOTAL | 1685 | 1000 | 2685 |
Therefore, the cost of goods sold at the end of first quarter is $1685.
The correct answer is D) $ 1,685
| cost of Job 356 | $450 |
| cost of Job 357 | $1,235 |
| cost of goods sold | $1,685 |
only cost of jobs which are sold is required for the problem.
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