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)$255,000
B)$251,000
C)$223,000
D)$226,000

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)$255,000 
B)$251,000 
C)$223,000 
D)$226,000

Quizplus · Accepted Answer

Cost of goods manufactured is represented by the debit to Finished Goods and the credit to Work in Process (entry f)= $251,000 cost of goods manufactured

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