Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: fatsoulmh on Mar 30, 2023



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
DebitCredit
Balance0(b)154,000
(a)164,000
10,000
Work In Process
DebitCredit
Balance0(f)510,000
(b)132,000
(c)168,000
(e)210,000
0
Finished Goods
DebitCredit
Balance0(g)460,000
(f)510,000
50,000
Manufacturing Overhead
DebitCredit
(b)22,000(e)210,000
(c)26,000
(d)156,000
6,000
Cost of Goods Sold
DebitCredit
(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
Content hidden