1. What was the cost of raw materials put into 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 sold manufactured for the year?

5. What was the cost of goods sold for the year (before considering underapplied or overapplied overhead)?

6. If overhead is applied to production on the basis of direct labor cost, what rate was in effect during the year? (Round your percentage answer to 2 decimal, i.e. 0.1234 needs to be considered as 12.34).

7. Was manufacturing overhead underapplied or overapplied? By how much?

8. Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,800 of this balance is direct labor cost, how much of it is direct materials cost? Manufacturing overhead cost? (Round your predetermined overhead rate percentage and final answers to 2 decimal places.)

Selected T-accounts for Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 Debits 32,000 420,000 Credits Debits 216,000 Credits Bal. 12/31 57,000 Work in Process Factory Wages Payable Debits 176,000 Bal. 1/1 11,000 Bal. 1/1 Direct materials 77,000 323.000 Credits 520,000 Credits 179,000 Bal. 12/31 14,000 Direct labor Overhead 152,000 250,800 Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 Debits 43,000 Credit Debits Bal. 12/31 132,000