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Home Q & A Board Other Fields Homework Help Business Accounting
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fatsoulmh fatsoulmh
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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:
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overlandtrailoverlandtrail
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A year ago
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fatsoulmh Author
wrote...

A year ago
Helped a lot
Morgan-C
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
lipop
wrote...

2 hours ago
Good timing, thanks!
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