D) 464800 The following accounts are from last year\'s books at Sharp Manufactur

Question

D) 464800

The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process Bal 0 (b) 156,400 Bal 0 (E) 519,600 170,000 13,600 133,200 170,400 216,000 00:59:32 Finished Goods Manufacturing Overhead Bal 472,000 (b) 23,200 (e) 27,200 216,000 519,600 47,600 a) 158,400 7,200 Cost of Goods Sola 472,000 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 $519,600 $472,000 $256,200

Explanation / Answer

Answer: $519,600

Explanation

Work in Process transferred to finished goods is cost of goods manufactured for the year as there is no beginning and ending work in process.

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