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The following accounts are from last years books at Sharp Manufacturing: Raw Materials Bal ol (b) 87,000 93,000 5,000 251,00100,000 (b) (c) Manufacturing Overhead 18,000 (e) 12,000 67,000 3,000 (h) 3,000Cost of Goods Sold 226,000 (h) 223,000 3,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on

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Answer #1

Cost of goods manufactured is the total of debit side of work in process.

= $69,000 + $82,000 + $100,000

= $251,000

Cost of goods manufactured = $251,000

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