The following accounts are from last year's books of Sharp Manufacturing: Raw Materials Debit Credit Balance 0 (b) 154,800 (a) 166,000 11,200 Work In Process Debit Credit Balance 0 (f) 513,200 (b) 132,400 (c) 168,800 (e) 212,000 0 Finished Goods Debit Credit Balance 0 (g) 464,000 (f) 513,200 49,200 Manufacturing Overhead Debit Credit (b) 22,400 (e) 212,000 (c) 26,400 (d) 156,800 6,400 Cost of Goods Sold Debit Credit (g) 464,000 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

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.