ago Problem 3-3 T-Account Analysis of Cost Flows Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials 15,000 Credits 120,000 25,000 Bal. 1/1 Debits Bal. 12/31 ? Manufacturing Overhead 230,000 Credits Debits 470,000 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Work in Process 20,000 Credits 90,000 150,000 240,000 Debits Factory Wages Payable 185,000 Bal. 1/1 Credits Bal. 12/31 9,000 180,000 4,000 Bal. 1/1 Debits Bal. 12/31 Finished Goods 40,000 Credits ? 60,000 Cost of Goods Sold ?1 Debits 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. Was manufacturing overhead underapplied or overapplied? By how much