Problem 3-11 (Static) 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: Debit Balance 1/1 Debits Balance 12/31 Manufacturing Overhead Debit Credit 230,000 Credits Debits Raw Materials Credit 15,000 Credits 120,000 25,000 Work in Process Credit 20,000 Credits 90,000 150,000 240,000 470,000 Debits Debit Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 Factory Wages Payable Debit Credit 185,000 Balance 1/1 Credits Balance 12/31 9,000 180,000 4,000 Finished Goods Cost of Goods Sold Credit Debit Credit 40,000 Credits Debit Balance 1/1 Debits Balance 12/31 Debits 60,000 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 $8,000 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 Reg 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 Unadjusted cost of goods sold