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 Debit Credit Debit Manufacturing Overhead 202,260 Credits ? Debits Balance 1/1 Debits. 26,000 Credits 142,000 Balance 12/31 36,000 Work in Process Factory Wages Payable Debit Credit Debit Balance 1/1 503,000 Debits 207,000 Direct materials Direct labor Overhead Balance 12/31 Cost of Goods Sold Credit Debit Credit Balance 1/1 51,000 Credits ? Debits ? Debits ? Balance 12/31 76,500 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 $10,750 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 Req 7 Req 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 A 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Debit 31,000 Credits. 101,000 183,000 223,260 ? Finished Goods Credit Credit Balance 1/1 Credits Balance 12/31 ? 14,500 202,000 9,500