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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. What is the amount of direct materials used for the year?
Expert Solution
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
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