10 points 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: Raw Haterials 21,000 Credits Kanufacturing Overhead 210,800 Credits Suipped Bal. 1/1 Debits Bal. 12/31 Debits eBook 10 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 132,000 31,000 Work in Process 26,000 Credits 488,000 Debits Factory Wages Payable 197,000 Bal. 1/1 12,000 96,000 160,000 Credits Bal. 12/31 192,000 7,000 226,000 Finished Goods Cost of Goods Sold Print Bal. 1/1 Debits 46,000 Credits ? Debits 7 Bal. 12/31 69,000 References 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 $9,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? 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. 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Show less A