6 The following accounts are from last year's books at Sharp Manufacturing:Raw MaterialsWork In ProcessFinished GoodsBale (b)166,00011,200154,800Bale (f)513,200 Bale (g)(a)464,000(b)(c)(e)132,400(f)513,200168,80049,200212,000Manufacturing OverheadCost of Goods Sold(b)(c)(d)22,400 (e)26,400156,800212,000 (g)464,0006,400Sharp 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$253,400$457.600$513,200$464,000

Cost of goods manufactured is recorded by debiting the Finished goods account and crediting the work…

The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process Finished Goods e (b) 166,000 Bal 154,800 Bal e (f) 513, 200 Bal e (g) (a) 464,000 (b) (c) (e) 132,400 168,800 (f) 513,200 11,200 49,200 212,000 Manufacturing Overhead Cost of Goods Sold 22,400 (e) (b) (c) (d) 212,000 (g) 464,000 26,400 156,800 6,400 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 $253,400 $457,600 $513,200

The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process Finished Goods e (b) 166,000 Bal 154,800 Bal e (f) 513, 200 Bal e (g) (a) 464,000 (b) (c) (e) 132,400 168,800 (f) 513,200 11,200 49,200 212,000 Manufacturing Overhead Cost of Goods Sold 22,400 (e) (b) (c) (d) 212,000 (g) 464,000 26,400 156,800 6,400 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 $253,400 $457,600 $513,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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