1 Selected T-accounts of Moore Company are given below for the just completed year ebook Print Raw Materials Manufacturing Overhead Bal. 1/1 15,000 Credits ? Debits 230,000 Credits Debits 120,000 Bal. 12/31 25,000 Work in Process Factory Wages Payable Bal. 1/1 20,800 Credits 470,000 Debits 185,000 Bal. 1/1 9,000 Direct materials 90,000 Credits 180,000 Direct labor 150,000 Bal. 12/31 4,000 Overhead 240,000 Bal. 12731 Finished Goods Cost of Goods Sold Bal. 1/1 40,000 Credits Debits Debits Bat. 12/31 60,000 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? 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. It $8,000 of this balance is direct labor cost how much of it is direct materials cont? Applied overhead cost? References complete this question by entering your answers in the tabs below. Reg 1 to 5 Rego Reg? Req Compute the ending balance in Work in process. Assume that this balance consists entirely of goods started during the year of $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Mc 1 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 ans 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 2. 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 $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? 10 points Book Complete this question by entering your answers in the tabs below. Print Req i to 5 Reg 6 Reg 7 Req8 Rulonces 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 Show less 1. Cost of raw materials 2. Indirect matona's 3 Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Rege > 1 1 Cost of Goods Sold ?T ? Debits Bal. 1/1 Debits Bal. 12/31 Finished Goods 40,000 Credits ? 60,000 10 polets 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 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effe year? 2. 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 $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? eBook Print References Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Req7 Reg 8 Was manufacturing overhead underapplied or overappled? By how much? Manufacturing overbead was by 1 ? Debits of Goods 71 Bal. 1/1 Debits Bal. 12/31 Finished Goods 40,000 Credits ? 60,000 10 points 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 overapp 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rat 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 ste $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? eBook Print References Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Reg 7 rfeq 8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started durin $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Ending balance in the work in process Direct materials cost Applied overhead cost