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 Debits 27,000 Credits 144,000 Debits Manufacturing Overhead 197,480 Credits Bal. 12/31 Bal. 1/1 Direct labor 37,000 Work in Process 12,000 Credits 506,000 Debits Factory Mages Payable 209,000 Bal. 1/1 15,000 Direct materials 102,000 186,000 Credits Bal. 12/31 204,000 10,000 Overhead 219,480 Bal. 12/31 Finished Goods Cost of Goods Sold Bol. 3/1 52,000 Credits) Debits Debits Bal 12/31 78,000