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bluejean bluejean
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5 months ago

The following accounts are from last year’s books at Sharp Manufacturing:

Raw Materials
DebitCredit
Balance0(b)156,200
(a)169,500
13,300
Work In Process
DebitCredit
Balance0(f)518,800
(b)133,100
(c)170,200
(e)215,500
0
Finished Goods
DebitCredit
Balance0(g)471,000
(f)518,800
47,800
Manufacturing Overhead
DebitCredit
(b)23,100(e)215,500
(c)27,100
(d)158,200
7,100
Cost of Goods Sold
DebitCredit
(g)471,000

Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of cost of goods manufactured for the year?



▸ $255,850

▸ $463,900

▸ $518,800

▸ $471,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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DPhoenixDPhoenix
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$518,800
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bluejean Author
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5 months ago
This calls for a celebration Person Raising Both Hands in Celebration
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Good timing, thanks!
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Just got PERFECT on my quiz
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