The following accounts are from last years books at Sharp Manufacturing: ...
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Accounting
The following accounts are from last years books at Sharp Manufacturing:
Raw Materials | |||
Bal | 0 | (b) | 154,400 |
(a) | 165,000 | ||
10,600 |
Work In Process | |||
Bal | 0 | (f) | 511,600 |
(b) | 132,200 | ||
(c) | 168,400 | ||
(e) | 211,000 | ||
0 |
Finished Goods | |||
Bal | 0 | (g) | 462,000 |
(f) | 511,600 | ||
49,600 |
Manufacturing Overhead | |||
(b) | 22,200 | (e) | 211,000 |
(c) | 26,200 | ||
(d) | 156,400 | ||
6,200 |
Cost of Goods Sold | |||
(g) | 462,000 | ||
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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