On January 1, Frederic Manufacturing had a beginning balance in Work-in-Process Inventory of $160,000 and a beginning balance in Finished Goods Inventory of $20,000

During the year, Frederic incurred manufacturing costs of $205,000.

During the year, the following transactions occurred:
Job C-62 was completed for a total cost of $140,000 and was sold for $158,000.
Job C-63 was completed for a total cost of $181,000 and was sold for $213,000.
Job C-64 was completed for a total cost $84,000 but was not sold as of year-end.

The Manufacturing Overhead account had an unadjusted credit balance of $26,000 and was adjusted to zero at year-end.

What was the final balance in the Cost of Goods Sold account?
A) $295,000 debit balance
B) $347,000 debit balance
C) $347,000 credit balance
D) $295,000 credit balance

A .