Problem 3-11 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. Manufacturing Overhead 204,720 Credits Debits Bal. 171 Debits Bal. 12/31 Raw Materials 23,000 Credits 136,000 33,000 Work in Process 28,000 Credits 98,000 174,000 222, 720 494,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 201,000 Bal. 1/1 Credits Bal. 12/31 13,000 196,000 B,000 Cost of Goods Sold Finished Goods 48,000 Credits Bal. 1/1 Debita Bal. 12731 72,000 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 answe 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the what was the cost of goods manufactures 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. 5. 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 $10,000 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. Reg 1 to 5 Req6 Req7 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 Inimart lahor met 3. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods star 510,000 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 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effe the year? The predetermined overhead rate was % of direct labor cost Req 1 to 5 Req 7 > $10,000 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 Complete this question by entering your answers in the tabs Req 1 to 5 Req 6 Req 7 Req 8 Compute the ending balance in Work in Process. Assume that this ba $10,000 of this balance is direct labor cost, how much of it is direct Ending balance in the work in process Direct materials cost Applied overhead cost