Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
fatsoulmh fatsoulmh
wrote...
Posts: 143
Rep: 0 0
A year ago

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
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 73 times
1 Reply
Replies
Answer verified by a subject expert
overlandtrailoverlandtrail
wrote...
Posts: 176
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

fatsoulmh Author
wrote...

A year ago
Smart ... Thanks!
wrote...

Yesterday
Thanks
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  2099 People Browsing
Related Images
  
 310
  
 148
  
 183
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 484