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please make sure everything is answered from the required section from 1-8. Selected T-accounts of Moore Company are given below for the just completed year
please make sure everything is answered from the required section from 1-8.
Selected T-accounts of Moore Company are given below for the just completed year Manufacturing overhead 185,400 Credits Debits El. 1/3 Debits Bal. 12/31 Raw Materials 35,eo Credits 160,000 45,000 work in Process 40,00 Credits 110,000 210,000 218,4 530, eee Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory wages Payable 225,000 Bal. 1/1 Credits Bal. 12/31 19,000 220,000 14,800 Cost of Goods Sold Debits Bal. 1/1 Debits Bai. 12/31 Finished Goods te, cee Credits 2 90,000 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 tabor 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? Was manufacturing overhead underapplied or overappiled? By how much? & 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 Te is direct materials cost? Applied overhead cost? Complete this question by entering your answers in the tabs below. Meq 1 to 3 Rec Reg? 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 1 Cost of raw materials 2. Indirect materials 3. Indirect labor cost Cost of good manufactured 5. Unadjusted cost of goods sold Step by Step Solution
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