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The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process Debit Credit Debit Credit 155,000 514,000 Balance (a) 0 (b) 166,500 11,500 Balance (b) (c) (e) 0 (f) 132,500 169,000 212,500 Finished Goods Debit Credit Balance (f) 212,500 0(g) 514,000 49,000 Manufacturing Overhead Debit Credit 22,500 (e) 26,500 157,000 465,000 (b) (c) (d) 6,500 Cost of Goods Sold Debit Credit (g) 465,000 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? Multiple Choice $253,750 $458,500 O $514,000 $465,000 The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process Debit Credit Debit Credit 516,400 Balance (a) 0 (b) 168,000 12,400 155,600 Balance (b) (c) (e) 0 (f) 132,800 169,600 214,000 Finished Goods Debit Credit Balance 468,000 214,000 Manufacturing Overhead Debit Credit 22,800 (e) 26,800 157,600 0(g) 516,400 48,400 (f) (b) (c) (d) 6,800 Cost of Goods Sold Debit Credit (g) 468,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overhead overapplied or underapplied for the year? Multiple Choice $6,800 underapplied $6,800 overapplied o $26,800 underapplied O $26,800 overapplied The following accounts are from last year's books of Sharp Manufacturing: Raw Materials Debit Credit 155,000 514,000 Balance (a) 0 (b) 166,500 11,500 Balance (b) (c) (e) Work In Process Debit Credit 0 (f) 132,500 169,000 212,500 0 Manufacturing Overhead Debit Credit 22,500 (e) 26,500 157,000 Finished Goods Debit Credit 212,500 Balance (f) 0 (g) 514,000 49,000 465,000 (b) (c) (d) 6,500 Cost of Goods Sold Debit Credit (g) 465,000 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 O $166,500 O O $155,000 O $132,500 O O $169,000

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