The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Bal Work In Process e (b) 166,000 (a) 154,800 Вal e (f) 513,200 (b) (c) (e) 132,400 11, 200 168,800 212,000
The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Bal Work In Process e (b) 166,000 (a) 154,800 Вal e (f) 513,200 (b) (c) (e) 132,400 11, 200 168,800 212,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:The following accounts are from last year's books at Sharp Manufacturing:
Raw Materials
Work In Process
Bal
e (b)
166,000
(a)
154,800
Bal
e (f)
513,200
(b)
(c)
(e)
132,400
11, 200
168,800
212, еөө
Finished Goods
Manufacturing Overhead
Bal
e| (g)
513,200
464, еее
(b)
(c)
22,400 | (e)
212,000
(f)
26,400
49, 200
(d
156,800
6,400
Cost of Goods Sold
(g)
464, 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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