The following accounts are from last year's books at Sharp Manufacturing:
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?
A) $252,000
B) $454,000
C) $510,000
D) $460,000

Question

The following accounts are from last year's books at Sharp Manufacturing:
     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?
A) $252,000 
B) $454,000 
C) $510,000 
D) $460,000

Quizplus · Accepted Answer

Cost of goods manufactured is represented by the debit to Finished Goods and the credit to Work in Process (entry f) = $510,000 cost of goods manufactured

The Following Accounts Are from Last Year's Books at Sharp