Title: The following accounts are from last year's books of Sharp Manufacturing:Raw ...
Post by: tkd_fighter on Mar 30, 2023
The following accounts are from last year's books of Sharp Manufacturing: | Raw Materials |
|---|
| Debit | Credit |
|---|
| Balance | 0 | (b) | 158,000 | | (a) | 174,000 | | | | 16,000 | | |
| Work In Process |
|---|
| Debit | Credit |
|---|
| Balance | 0 | (f) | 526,000 | | (b) | 134,000 | | | | (c) | 172,000 | | | | (e) | 220,000 | | | | 0 | | |
| Finished Goods |
|---|
| Debit | Credit |
|---|
| Balance | 0 | (g) | 480,000 | | (f) | 526,000 | | | | 46,000 | | |
| Manufacturing Overhead |
|---|
| Debit | Credit |
|---|
| (b) | 24,000 | (e) | 220,000 | | (c) | 28,000 | | | | (d) | 160,000 | | | | | | 8,000 |
| Cost of Goods Sold |
|---|
| Debit | Credit |
|---|
| (g) | 480,000 | | | | | | |
Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year? ▸ $174,000 ▸ $158,000 ▸ $134,000 ▸ $172,000
Title: Re: The following accounts are from last year's books of Sharp Manufacturing:Raw ...
Post by: chelz on Mar 30, 2023
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