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 Materials Manufacturing Overhead Bal. 1/1 17,000 Credits Debits 229,800 Credits Debits 124,000 Bal. 12/31 27,000 Work in Process Factory Wacos Payable Dal 1/3 22,000 Credits 476,000 Debits 189,000 Bal 1/1 Direct materials 92,000 Credits Direct labor 156,000 Hal 12/31 Overhead 241,800 Bal. 12/31 Finished Goods Cost of Goods Sold Dal 1/1 42,000 Credits Debits Babits Bal 12/31 63,000 10,000 114 000 5. 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. It $8,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? $8.500 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. Reg 1 to 5 Reg 6 Reg2 Reg 8 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 4 Cost of goods manufactured 5. Unadjusted cost of goods sold Reg6 > requirea 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 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 $8.500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? year? Complete this question by entering your answers in the tabs below. Reg 1 to 5 Rego Req? Regs If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect curtog the year? The produced over rate was 16 o director cost 2. How mucn or ine materiais inapove consistea or indirect materiais: 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. V 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 $8.500 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. Reg 1 to 5 Rega Reg 7 Reus Was manufacturing overhead underopplied or overapplied by how much Mangovernd was Reg Reqd> 1. 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 an 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 $8.500 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. Reg 1 to 5 Reg 6 Req7 Req8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8.500 of this balance is direct labor cost how much of it is direct materials cost? Applied overhead cost? Ending balance in the work in process Direct materials cost Applied overhead cost