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Check my work Selected T-accounts of Moore Company are given below for the just completed year: Debits Manufacturing Overhead 194,180 Credits Bal. 1/1 Debits Bel12/31
Check my work Selected T-accounts of Moore Company are given below for the just completed year: Debits Manufacturing Overhead 194,180 Credits Bal. 1/1 Debits Bel12/31 Raw Materials 32.000 Credits 154, eee 42.ece Work in Process 37. aael Credits 107, see 201.080 221,1ee Debits Bal. 1/1 direct materials Direct lebor Overhead Bal. 12/31 Factory Wages Payable 219,0a Sal. 1/1 Credits Bal. 12/31 175 214, eee 12,500 Finished Goods 57, eee Credits Cost of Goods Sold Debi- Bal. 1/2 Debits Bal. 12/31 BS, 5ee 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. If $12,250 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 Rea 7 Rega 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
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