1 Problem 3-11 T-Account Analysis of Cost Flows [LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: nts Manufacturing Overhead 202,260 Credits 7 Debita Bal. 1/1 Debita Bal. 12/31 eBook 503,000 Debits Raw Materials 26,000 Credits 142,000 36,000 Work in Process 31,000 Credits 101,000 183,000 223,260 2 Finished Goods 51,000 Credita ? 76,500 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Yactesy Wages Payable 207,000 Bal. 1/1 Credits Dal 12/31 14,500 202,000 9,500 Print Cost of Goods Sold ? Debits References Bal. 1/1 Debito Bal. 12/31 Required: 1. What was the cost of raw materials used in production during the year? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost for the year consisted of indirect labor? 4. What was the cost of goods manufactured for the year? 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $10,750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Req 7 Req8 ok 1. What was the cost of raw materials used in production during the year? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost for the year consisted of indirect labor? 4. What was the cost of goods manufactured for the year? 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your mt answer. nces Show less 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 6. Unadjusted cost of goods sold Rego > Prev 1 of 3 Next > Complete this question by entering your answers in the tabs below. Reg 8 Reg 1 to 5 Reg 6 Reg 7 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? The predetermined overhead rate was % of direct labor cost Prev 1 of 3 !! Next > Complete this question by entering your answers in the tabs below. es Reg 1 to 5 Reg 6 Req 7 Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by