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just need #7&8 Selected T-accounts of Moore Company are given below for the just completed year. Bal. 1/1 Debits Bal. 12/31 Raw Materials 35, eee

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just need #7&8
Selected T-accounts of Moore Company are given below for the just completed year. Bal. 1/1 Debits Bal. 12/31 Raw Materials 35, eee Credits 16e, eee 45,eee Manufacturing Overhead 188,480 Credits Debits 530, eee Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Debits Work in Process 4e,eee Credits 119, eee 210, eee 218,482 ? Factory Wages Payable 225,880 Bal. 1/1 Credits Bal. 12/31 Finished Good's 6e, eee Credits > se, eee Cost of Goods Sold ? 19, eee 220,eee 14, eee 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 $13,950 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 i to s Req Req Rege Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was overapplied $ 29.600

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