Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
tkd_fighter tkd_fighter
wrote...
Go to Answer
Posts: 128
Rep: 0 0
A year ago

The following accounts are from last year's books of Sharp Manufacturing:

Raw Materials
DebitCredit
Balance0(b)158,000
(a)174,000
16,000
Work In Process
DebitCredit
Balance0(f)526,000
(b)134,000
(c)172,000
(e)220,000
0
Finished Goods
DebitCredit
Balance0(g)480,000
(f)526,000
46,000
Manufacturing Overhead
DebitCredit
(b)24,000(e)220,000
(c)28,000
(d)160,000
8,000
Cost of Goods Sold
DebitCredit
(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
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 36 times
1 Reply
Replies
Answer verified by a subject expert
chelzchelz
wrote...
#1
Posts: 118
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

tkd_fighter Author
wrote...

A year ago
Helped a lot
njn;l
wrote...

Yesterday
Thanks
mkyoungs
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1106 People Browsing
 134 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 258
  
 4423
  
 604
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?