Problem 3-11 (Static) T-Account Analysis of Cost Flows [LOB-2, LOB-3, LOB-4] Selected T-accounts of Moore Company are given below for thejust completed year: Raw Materials Debit Credit Balance 1/1 15,000 Credits ? Debits 120,000 Balance 12/31 25,000 Manufacturing Overhead Debit Credit Debits 230,000 Credits ? Work in Process Debit Credit Balance 1/1 20,000 Credits 470,000 Direct materials 90,000 Direct labor 150,000 Overhead 240,000 Balance 12/31 ? Factory Wages Payable Debit Credit 185,000 Balance 1/1 9,000 Credits 180,000 Balance 12/31 4,000 Finished Goods Debit Credit Balance 1/1 Debits Balance 12/31 Cost of Goods Sold Debit Credit Debits ? Required: 1. What was the cost of raw materials used in production? 2. How much ofthe materials in (1) above consisted of indirect materials? 3. How much ofthe factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production using direct labor cost, what was the predetermined overhead rate? 7. Was manufacturing overhead underapplied or overappliecl? By how much? 8. Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $8,000 of this balance is direct labor cost, how much 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? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. Show lessA 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Ran > Complete this question by entering your answers in the tabs below. Req 1 to 5 Req 6 Req 7 Req 8 Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $8,000 of this balance is direct labor cost, how much is direct materials cost? Applied overhead cost? Ending balance in the work in process Direct materials cost Applied overhead cost