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The following accounts are from last years books at Sharp Manufacturing: ...

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Accounting

The following accounts are from last years books at Sharp Manufacturing:

Raw Materials
Bal 0 (b) 157,000
(a) 171,500
14,500

Work In Process
Bal 0 (f) 522,000
(b) 133,500
(c) 171,000
(e) 217,500
0

Finished Goods
Bal 0 (g) 475,000
(f) 522,000
47,000

Manufacturing Overhead
(b) 23,500 (e) 217,500
(c) 27,500
(d) 159,000
7,500

Cost of Goods Sold
(g) 475,000

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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