Title: The following accounts are from last year's books of Sharp Manufacturing:Raw ...
Post by: fatsoulmh on Mar 30, 2023
The following accounts are from last year's books of Sharp Manufacturing: Raw Materials |
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Debit | Credit |
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Balance | 0 | (b) | 154,000 | (a) | 164,000 | | | | 10,000 | | |
Work In Process |
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Debit | Credit |
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Balance | 0 | (f) | 510,000 | (b) | 132,000 | | | (c) | 168,000 | | | (e) | 210,000 | | | | 0 | | |
Finished Goods |
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Debit | Credit |
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Balance | 0 | (g) | 460,000 | (f) | 510,000 | | | | 50,000 | | |
Manufacturing Overhead |
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Debit | Credit |
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(b) | 22,000 | (e) | 210,000 | (c) | 26,000 | | | (d) | 156,000 | | | | | | 6,000 |
Cost of Goods Sold |
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Debit | Credit |
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(g) | 460,000 | | | | | | |
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? ▸ $164,000 ▸ $154,000 ▸ $132,000 ▸ $168,000
Title: Re: The following accounts are from last year's books of Sharp Manufacturing:Raw ...
Post by: overlandtrail on Mar 30, 2023
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