Explani Problem 3-11 T-Account Analysis of Cost Flows (LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year: ed Bal. 1/1 Debits Bai. 12/31 Debits Manufacturing Overhead 181,900 Credits Raw Materials 31,000 Credits 152,000 41,600 Work in Process 36,000 Credits 106,000 198,000 207.900 518,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 217,000 Bal. 1/1 Credits Bal. 12/31 17,000 212, 12,000 Cost of Goods Sold Finished Goods 56,000 Credits > 84,000 Bal. 1/1 Debits Bal. 12/31 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 consists entirely of goods started during the year. If $12,000 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 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 > 2 3 Cost of raw materials Indirect materials Indirect labor cost Cost of goods manufactured Unadjusted cost of goods sold $ 142,000 $ 36,000 $ 14,000 $505,800 X $477 800 X 4 5. Soved Complete this question by entering your answers in the tabs below. Req 1 to 5 A Reg 6 Req 7 Req8 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 Req 6 Reg? Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was x by Complete this question by entering your answers in the tabs below. Reg 1 to 5 Req 6 Req 7 Reds ded Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $12,000 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