Problem 3-11 (Algo) T-Account Analysis of Cost Flows (LO3-2, LO3-3 Selected T-accounts of Moore Company are given below for the just completed year. Raw Materials Debit Credit Balance 1/1 27,eee Credits Debits 144,000 Balance 12/31 37,000 Manufacturing Overhead Debit Credit Debits 197,480 Credits ? 506,00 Work in Process Debit Credit Balance 1/1 32,000 Credits Direct materials 102,eee Direct labor 186,000 Overhead 219,480 Balance 12/31 ? Factory Wages Payable Debit Credit Debits 209,000 Balance 1/1 Credits Balance 12/31 Finished Goods Debit Credit Balance 1/1 52, Bee Credits Debits ? Balance 12/31 78,000 Cost of Goods Sold 15, eee 204, 10, see Prev 1 of 2 HIE Next > Search Bi DIN 13 A (1) PISCT, F2 F4 FS 16 $ 4 % 5 & 7 3 6 8 Check my w 15,000 284,800 10,000 Factory Wages Payable Debit Credit Debits 209,000 Balance 1/1 Credits Balance 12/31 Finished Goods Debit Credit Balance 1/1 52, eee Credits Debits ? Balance 12/31 78,000 Cost of Goods Sold Debit Credit Debits ? 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 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 $11,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? your answer. Complete this question by entering your answers in the tabs below. Malwarebytes Anti-Malwa Databases Out of Your database is out of date! protected by installing the late Problems - Required 0 Saved Help Save & Exit Sut Check my wo 8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $11,000 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. Req 1 to 5 Reg 6 Req 7 Req8 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 Malwarebytes Anti-Malwa Databases Out of Your database is out of dat protected by installing the Check my What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead i Our answer If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect uring the year? Was manufacturing overhead underapplied or overapplied? By how much? Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the ear. If $11,000 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. Req 1 to 5 Req 6 Reg 7 Reg 8 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? The predetermined overhead rate was of direct labor cost ( Req 1 to 5 Req7 > Malwarebytes Anti- Databases Out of Your best Che 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in 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 du year. If $11,000 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. Req 1 to 5 Reg 6 Req 7 Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by Malwarebytes Database Your databases protected by Instal