Bal. 1/1 Selected T-accounts of Moore Company are given below for the just completed year, Raw Materials Manufacturing Overhead Dal. 1/1 35,000 Credits 7 Debito 188,400 Credits Debito 160,000 Bal. 12/31 45,000 Work in Process Factory Magos Payable 40,000 Credits 530,000 Debits 225,000 Bal. 1/1 19,000 Direct materials 110,000 Credits 220,000 Direct labor 210,000 Bal. 12/31 14,000 Overhead 218.400 Bal. 12/31 Finished Goods Cost of Goods sold Bal. 1/1 60,000 Credits Debits Debits ? Bal. 12/31 90,000 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? 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 it $13,950 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? 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 answ 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 $13,950 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. Reg 1 to 5 Reg 6 Reg 7 Req 8 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 materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Complete this question by entering your answers in the tabs briow. Req 1 to 5 Req 6 Reg 7 Red B If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? The predetermined overhead rate was % of direct labor cost Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Heg 7 Req8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Req7 Req9 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $13,950 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