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 75 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
Thank you, thank you, thank you!
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1729 People Browsing
Related Images
  
 6993
  
 993
  
 313
Your Opinion