Question
The following accounts are from last years books at Sharp Manufacturing: Raw Materials Debit Credit Balance 0 (b) 156,000 (a) 169,000 13,000 Work In Process
The following accounts are from last years books at Sharp Manufacturing:
| Raw Materials | |||
|---|---|---|---|
| Debit | Credit | ||
| Balance | 0 | (b) | 156,000 |
| (a) | 169,000 | ||
| 13,000 |
| Work In Process | |||
|---|---|---|---|
| Debit | Credit | ||
| Balance | 0 | (f) | 518,000 |
| (b) | 133,000 | ||
| (c) | 170,000 | ||
| (e) | 215,000 | ||
| 0 |
| Finished Goods | |||
|---|---|---|---|
| Debit | Credit | ||
| Balance | 0 | (g) | 470,000 |
| (f) | 518,000 | ||
| 48,000 |
| Manufacturing Overhead | |||
|---|---|---|---|
| Debit | Credit | ||
| (b) | 23,000 | (e) | 215,000 |
| (c) | 27,000 | ||
| (d) | 158,000 | ||
| 7,000 |
| Cost of Goods Sold | |||
|---|---|---|---|
| Debit | Credit | ||
| (g) | 470,000 | ||
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?
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
