In March, Sheridan Company completes jobs 10 and 11. Job 10 costs 18,400 and job 11 27,600. On March 31, job 10 is sold to the customer for 32,200 in cash.
a) There is a profit of 3,800 on Job 10.
b) There is a profit of 13,800 on Job 10.
c) There is a loss of 3,800 on Job 10.
d) There is a loss of 13,800 on Job 10.
