Solt Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. The Cost of Goods Manufactured for the year was $415,000. The unadjusted Cost of Goods Sold for the year was:

A) $503,000
B) $415,000
C) $403,000
D) $453,000

Job-Order Costing

An accounting methodology used to assign costs to specific jobs or batches, typically in manufacturing or servicing environments.

Cost Of Goods Manufactured

The cost of goods manufactured is the total production cost of goods completed during a specific period, including materials, labor, and overhead.

Unadjusted Cost Of Goods Sold

Unadjusted Cost of Goods Sold refers to the direct costs associated with the production of goods sold by a company before any adjustments for returns, discounts, or allowances.