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The following accounts are from last year’s books at Sharp Manufacturing:

Raw Materials
Debit		Credit
Balance	0	(b)	156,200
(a)	169,500
	13,300

Work In Process
Debit		Credit
Balance	0	(f)	518,800
(b)	133,100
(c)	170,200
(e)	215,500
	0

Finished Goods
Debit		Credit
Balance	0	(g)	471,000
(f)	518,800
	47,800

Manufacturing Overhead
Debit		Credit
(b)	23,100	(e)	215,500
(c)	27,100
(d)	158,200
			7,100

Cost of Goods Sold
Debit		Credit
(g)	471,000

Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of cost of goods manufactured for the year?

▸ $255,850

▸ $463,900

▸ $518,800

▸ $471,000

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