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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:
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: Bal. 1/1 Debits Bal. 12/31 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Bal. 1/1 Debits Bal. 12/31 Required: Raw Materials 35,000 Credits 160,000 Debits Manufacturing Overhead 188,400 Credits 45,000 Work in Process 40,000 Credits 530,000 Debits Factory Wages Payable 225,000 Bal. 1/1 110,000 210,000 Credits Bal. 12/31 19,000 220,000 14,000 218,400 Finished Goods 60,000 Credits 90,000 Cost of Goods Sold Debits 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? A What the enes of nende manufactured for them?
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