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The following accounts are from last years books at Sharp Manufacturing: Raw Materials Bal 0 (b) 157,000 (a) 171,500 14,500 Work In Process Bal 0
The following accounts are from last years books at Sharp Manufacturing:
| Raw Materials | |||
| Bal | 0 | (b) | 157,000 |
| (a) | 171,500 | ||
| 14,500 | |||
| Work In Process | |||
| Bal | 0 | (f) | 522,000 |
| (b) | 133,500 | ||
| (c) | 171,000 | ||
| (e) | 217,500 | ||
| 0 | |||
| Finished Goods | |||
| Bal | 0 | (g) | 475,000 |
| (f) | 522,000 | ||
| 47,000 | |||
| Manufacturing Overhead | |||
| (b) | 23,500 | (e) | 217,500 |
| (c) | 27,500 | ||
| (d) | 159,000 | ||
| 7,500 | |||
| Cost of Goods Sold | |||
| (g) | 475,000 | ||
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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