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Homework answers / question archive / Raw Materials  Debit Credit Balance (a) 0 173,000 (b) 157,600 15,400 Debit Work In Process Credit Balance (b) (c) (e) 0 133,800 171,600 219,000 (f) 524,400 0 Debit Finished Goods Credit Balance (f) 0 524,400 (g) 478,000 46,400 Manufacturing Overhead Debit Credit (b) (c) (d) 23,800 27,800 159,600 (e) 219,000 7,800  Cost of Goods Sold Debit Credit  (g)  478,000     Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs

Raw Materials  Debit Credit Balance (a) 0 173,000 (b) 157,600 15,400 Debit Work In Process Credit Balance (b) (c) (e) 0 133,800 171,600 219,000 (f) 524,400 0 Debit Finished Goods Credit Balance (f) 0 524,400 (g) 478,000 46,400 Manufacturing Overhead Debit Credit (b) (c) (d) 23,800 27,800 159,600 (e) 219,000 7,800  Cost of Goods Sold Debit Credit  (g)  478,000     Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs

Accounting

Raw Materials 
Debit Credit Balance (a) 0 173,000 (b) 157,600 15,400 Debit Work In Process Credit Balance (b) (c) (e) 0 133,800 171,600 219,000 (f) 524,400 0 Debit Finished Goods Credit Balance (f) 0 524,400 (g) 478,000 46,400 Manufacturing Overhead Debit Credit (b) (c) (d) 23,800 27,800 159,600 (e) 219,000 7,800 
Cost of Goods Sold Debit Credit 
(g) 
478,000  
 

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?

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Computation of Amount of Direct Material used for the Year:

Amount of Direct Material used for the Year = Total Raw Material Used - Total Indirect Material

=157600-23800

Amount of Direct Material used for the Year = $133,800