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. Raw Haterials Debit Credit Balance 1/1 Debits 32,000 Credits 154,000 Manufacturing Overhead Debit Credit Debits 194,100 Credits Balance 12/31 42,000 Work in Process Factory Wages Payable Debit Credit Debit Credit Balance 1/1 37,000 Credits 521,000 Debits 219,000 Balance 1/1 17,500 Direct materials 107,000 Direct labor 201,000 Credits Balance 12/31 214,000 12,500 Overhead 221,100 Balance 12/31 Finished Goods Cost of Goods Sold Debit Credit Debit Credit Balance 1/1 Debits 57,000 Credits 7 Debits 3alance 12/31 85,500 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 $12,250 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?