4 Selected accounts of Moore Company are given below for the just completed year Hafacturing Overhead TUDO Credits 12/31 Debite 512.000 Paetery Hayes Payable 213,000 1. 11 Credito Bai. 12/31 16,000 200.000 11,000 Direct materiale Direct la 2,000 credit 1D 30.000 Wir Preces 30.000 Credit 104,000 192.000 220.000 Taletal conds 54,000 Credit 1.000 1291 Cost of Goods sold Debut 1. 171 Det 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? z 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 $11.500 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. 4 Selected accounts of Moore Company are given below for the just completed year Hafacturing Overhead TUDO Credits 12/31 Debite 512.000 Paetery Hayes Payable 213,000 1. 11 Credito Bai. 12/31 16,000 200.000 11,000 Direct materiale Direct la 2,000 credit 1D 30.000 Wir Preces 30.000 Credit 104,000 192.000 220.000 Taletal conds 54,000 Credit 1.000 1291 Cost of Goods sold Debut 1. 171 Det 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? z 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 $11.500 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