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The following accounts are from last year's books of Sharp Manufacturing: Bal (a) Bal (f) Raw Materials 0 (b) 164,500 10,300 Multiple Choice Finished Goods (g) 510,800 49,800 Cost of Goods Sold 461,000 O $164.500 $154,200 $132.100 154,200 Bal (b) (c) (e) $168,200 461,000 (b) (c) (d) Work In Process 0 (f) 132, 100 168, 200 210,500 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? Manufacturing Overhead 22,100 (e) 26,100 156,200 510,800 210,500 6,100

The following accounts are from last year's books of Sharp Manufacturing: Bal (a) Bal (f) Raw Materials 0 (b) 164,500 10,300 Multiple Choice Finished Goods (g) 510,800 49,800 Cost of Goods Sold 461,000 O $164.500 $154,200 $132.100 154,200 Bal (b) (c) (e) $168,200 461,000 (b) (c) (d) Work In Process 0 (f) 132, 100 168, 200 210,500 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? Manufacturing Overhead 22,100 (e) 26,100 156,200 510,800 210,500 6,100

FINANCIAL ACCOUNTING
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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The following accounts are from last year's books of Sharp Manufacturing: Bal (a) Bal (f) Raw Materials 0 (b) 164,500 10,300 Multiple Choice Finished Goods (g) 510,800 49,800 Cost of Goods Sold 461,000 O $164.500 $154,200 $132.100 154,200 Bal (b) (c) (e) $168,200 461,000 (b) (c) (d) Work In Process 0 (f) 132,100 168, 200 210,500 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? Manufacturing Overhead. 22,100 (e) 26,100 156,200 510,800 210,500 6,100
Transcribed Image Text:The following accounts are from last year's books of Sharp Manufacturing: Bal (a) Bal (f) Raw Materials 0 (b) 164,500 10,300 Multiple Choice Finished Goods (g) 510,800 49,800 Cost of Goods Sold 461,000 O $164.500 $154,200 $132.100 154,200 Bal (b) (c) (e) $168,200 461,000 (b) (c) (d) Work In Process 0 (f) 132,100 168, 200 210,500 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? Manufacturing Overhead. 22,100 (e) 26,100 156,200 510,800 210,500 6,100
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