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:

Raw Materials
Bal. 1/1	23,000	Credits	?
Debits	136,000
Bal. 12/31	33,000

Manufacturing Overhead
Debits	204,720	Credits	?

Work in Process
Bal. 1/1	28,000	Credits	494,000
Direct materials	98,000
Direct labor	174,000
Overhead	222,720
Bal. 12/31	?

Factory Wages Payable
Debits	201,000	Bal. 1/1	13,000
		Credits	196,000
		Bal. 12/31	8,000

Finished Goods
Bal. 1/1	48,000	Credits	?
Debits	?
Bal. 12/31	72,000

Cost of Goods Sold
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 your answer.

Garriso