Cost Accounting: The following accounts are from last year’s books at Sharp Manufacturing:

The following accounts are from last year’s books at Sharp Manufacturing:

Raw Materials
Debit Credit
Balance 0 (b) 154,600
(a) 165,500
10,900

Work In Process
Debit Credit
Balance 0 (f) 512,400
(b) 132,300
(c) 168,600
(e) 211,500
0

Finished Goods
Debit Credit
Balance 0 (g) 463,000
(f) 512,400
49,400

Manufacturing Overhead
Debit Credit
(b) 22,300 (e) 211,500
(c) 26,300
(d) 156,600
6,300

Cost of Goods Sold
Debit Credit
(g) 463,000
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?

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