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tkd_fighter tkd_fighter
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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:
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chelzchelz
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tkd_fighter Author
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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djeghri
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Good timing, thanks!
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