Problem 3-11 (Algo) 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: Rav Haterials Debit Credit Debit Balance 1/1 Debits 24,000 Credits 138,000 7 Debits Manufacturing Overhead 214,640 Credits Credit Balance 12/31 34,000 Work in Process Factory Hages Payable Debit Credit Debit Credit Balance 1/1 29,000 Credits 497,000 Debits 203,000 Balance 1/1 Direct materials 99,000 Direct labor 177,000 Credits Balance 12/31 13,500 198,000 8,500 Overhead Balance 12/31 233,640 Finished Goods Cost of Goods Sold Debit Credit Debit Credit Balance 1/1 ces Debits 49,000 Credits 2 Debits Balance 12/31 73,500 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 $10,250 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?