Check my work 2 Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials 20 Debit Credit points Balance 1/1 Debits 20,000 Credits 130,000 Skipped Balance 12/31 30,000 Manufacturing Overhead Debit Credit Debits eBook 216,000 Credits ? Work in Process Debit Credit Balance 1/1 25,000 Credits 485,000 Print Direct materials 95,000 Direct labor 165,000 Overhead 231,000 Balance 12/31 ? References Factory Wages Payable Debit Credit Debits 195,000 Balance 1/1 11,500 Credits 190,000 Balance 12/31 6,500 Finished Goods Debit Credit Balance 1/1 45,000 Credits Debits ? Balance 12/31 67,500 Cost of Goods Sold Debit Credit 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. 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 Broy 2 of 5 Next >