Can you please solve the questions below? Thanks!
Check my work Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials 10 Bal. 1/1 29,000 Credits points Debits 148,000 Bal. 12/31 39,000 Manufacturing Overhead Debits 196, 800 Credits eBook Print Work in Process Bal. 1/1 34,000 Credits 512,000 References Direct materials 104,000 Direct labor 192,000 Overhead 220, 800 Bal. 12/31 ? Factory Wages Payable Debits 213,000 Bal. 1/1 16,000 Credits 208,000 Bal. 12/31 11, 000 Finished Goods Bal. 1/1 54,000 Credits Debits ? Bal. 12/31 81,000 Cost of Goods Sold Debits Required: 1 What was the cost of raw materials used in production during the vear?10 points eBook Prlnt References m- Required: 'I. What was the cost of rawI materials used in production during the year? 2. HowI 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. 5. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 3'. 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. Req 1 to 5 Reg 6 Reg Ir' Reg E 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 overapplled overhead in your answer. Check my work 1 . . _ _ . ReqltoS Req Red? Req 10 1. what was the cost of rawI materials used In production during the year? mint\" 2. How much of the materials in (1) above consisted of Indirect materials? 3. How much of the factory labor cost for 1e year consisted of Indirect labor? 4. what was the cost of goods manufactured for the year? eBook 5. what was the unadjusted cost of goods sold for the year? Do not Include any underapplied or overapplled overhead In your answer. Prim Show last References Cost of raw materials Indirect materials Indirect labor cost Cost of goods manufactured Unadjusted cost of goods sold PPS-\"N." COST Of GOODS SOLO Debits Required: 1. What was the cost of raw materials used in production during the year? 10 2. How much of the materials in (1) above consisted of indirect materials? points 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 eBook in your answer. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect Print during the year? References 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 $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. Req 1 to 5 Req 6 Req 7 Req 8 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 Mc10 points eBook Prlnl References [5!- Debits ? I Required: 'I. What was the cost of raw materials used in production during the year? 2. HowI 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. 5. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 'i'. 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 thls question by entering your answers In the tabs below. Req 1to5 Req Was manufacturlng overhead underepplled or averapplled? By how much? Check my work 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 10 in your answer. points 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? eBook 8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during Print the year. If $11,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? References Complete this question by entering your answers in the tabs below. Req 1 to 5 Req 6 Req 7 Req 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? Ending balance in the work in process Direct materials cost Applied overhead cost Mc10 points eBook Prlnl References Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $1,332,000 of total manufacturing overhead for an estimated activity level of ?4,000 machine-hours. During the year. a large quantity offurniture on the market resulted in cutting back production and a buildup offurniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year: Machine- hours 62 , 0 00 Manufacturing overhead cost $ 1 , 300 , 0 00 Inventories at year-end: Raw materials 3 20 , 0 00 Work in process (includes overhead applied of $100,440} $ 176,400 Finished goods ( includes overhead applied of $2 2 3 , 2|] III) $ 392 , 0 00 Cost of goods sold [includes overhead applied of $792,360] $ 1,391,600 Required: 'I. Compute the underapplied or overapplied overhead. 2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate journal entry. 3. Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process. Finished Goods, and Cost of Goods Sold. Prepare the appropriatejournal entry. 4. How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Process, Finished Goods. and Cost of Goods Sold rather than being closed to Cost of Goods Sold? 2 Required: 1. Compute the underapplied or overapplied overhead. 10 2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the points appropriate journal entry. 3. Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry. eBook 4. How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Process, Finished Goods, and Cost of Goods Sold rather than being closed to Cost of Goods Sold? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the underapplied or overapplied overhead. Check my work 2 Required 1 Required 2 Required 3 Required 4 Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate jou (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points View transaction list eBook Journal entry worksheet Print References Record the entry to close the balance in the manufacturing overhead account to the cost of goods sold account. Note: Enter debits before credits. Event General Journal Debit Credit 1 Mc Prev 2 of 3 37 NextRequired 1 Required 2 Required 3 Required 4 Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goo Cost of Goods Sold. Prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal e 10 required" in the first account field.) points View transaction list eBook Print Journal entry worksheet References Record the allocation of the underapplied/overapplied overhead to various accounts. Note: Enter debits before credits. Event General Journal Debit Credit 1 McCheck my work 2 Required: 1. Compute the underapplied or overapplied overhead. 2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the 10 appropriate journal entry. points 3. Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry. 4. How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to eBook Work in Process, Finished Goods, and Cost of Goods Sold rather than being closed to Cost of Goods Sold? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Process, Finished Goods, and Cost of Goods Sold rather than being closed to Cost of Goods Sold? Net operating income will be if the overhead is allocated rather than closed entirely to cost of goods sold. 10 points eBook Prlnt References m- Check my work Gitano Products operates ajob-orcler costing system and applies overhead cost to jobs on the basis of direct materials used in production {noton the basis of raw materials purchased]. Its predetermined overhead rate was based on a cost formula that estimated $102,000 of manufacturing overhead for an estimated allocation base of $85,000 direct material dollars to be used in production. The company has provided the following data for thejust completed year: Purchase of raw materials $ 134, 000 Direct labor cost $ 31 , 0 00 Manufacturing overhead costs: Indirect labor $ 1 00 , 9 00 Property taxes $ 8 , 6 00 Depreciation of equipment $ 19 , 0 00 Maintenance $ 14 , 0 00 Insurance $ 9 , 0 00 Rent, building $ 34 , 0 00 | Beginning Ending Raw Materials $ 30,000 $ 13,000 Work in Process $ 48,000 $ 39,000 Finished Goods $ T1,!)00 $ 62,000 Required: 'I. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as Check my work 3 Required: 1. Compute the predetermined overhead rate for the year. 2. Compute the amount of underapplied or overapplied overhead for the year. 3. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as 10 direct materials. points 4. Compute the unadjusted cost of goods sold for the year. Do not include any underapplied or overapplied overhead in your answer. 5. Assume that the $39,000 ending balance in Work in Process includes $8,300 of direct materials. Given this eBook assumption, supply the information missing below: Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Assume that the $39,000 ending balance in Work in Process includes $8,300 of direct materials. Given this assumption, supply the information missing below: Direct materials $ 8,300 Direct labor Manufacturing overhead Work in process inventory $ 39,000