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help please Selected T-accounts of Moore Company are given below for the just completed year. Raw Materials Bal. 1/1 Manufacturing Overhead 28,888 Credits Debits Debits
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Selected T-accounts of Moore Company are given below for the just completed year. Raw Materials Bal. 1/1 Manufacturing Overhead 28,888 Credits Debits Debits 203,800 Credits 146.ee Bal. 12/31 38,888 Work in Process Factory Wages Payable Bal. 1/1 33,00 Credits 5e9,000 Debits 211,000 Bal. 1/1 Direct materials 183,880 Credits Direct labor 189,000 Bal, 12/31 Overhead 226,800 Bal. 12/31 Finished Goods Cost of Goods Sold ? 53,000 Credits Bal. 1/1 Debits Debits Bal 12/31 79,50 15,5ee 286, 10, see Required: 1. What was the cost of raw materials used in production during the year? 2. How much of the materials in (t) 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 answe 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the 7 Was manufacturing overhead underappled or over oplied By now much 8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $11.250 of this balance is direct labor cost how much of it is direct materials cost? Applied overhead cost? year Step by Step Solution
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