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The following accounts are from last year's books of Sharp Manufacturing: Raw Materials Debit Credit Balance 0 (b) 157,800 (a) 173,500 15,700 Work In Process

The following accounts are from last year's books of Sharp Manufacturing:

Raw Materials
Debit Credit
Balance 0 (b) 157,800
(a) 173,500
15,700

Work In Process
Debit Credit
Balance 0 (f) 525,200
(b) 133,900
(c) 171,800
(e) 219,500
0

Finished Goods
Debit Credit
Balance 0 (g) 479,000
(f) 525,200
46,200

Manufacturing Overhead
Debit Credit
(b) 23,900 (e) 219,500
(c) 27,900
(d) 159,800
7,900

Cost of Goods Sold
Debit Credit
(g) 479,000

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?Multiple Choice

  • $157,800

  • $173,500

  • $133,900

  • $171,800

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