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 Manufacturing Overhead 230,000 Credits Credits Debits Bal. 1/1 Debits Bal. 12/31 15.000 120,000 25,000 Work in Process Factory Wages Payable Credits 470,000 Debits 185,000 Bal. 1/1 20,000 Direct materials 90,000 Direct labor 1 50,000 Overhead....240,000 Bal. 12/31 Bal. 1/1 Credits Bal. 12/31 9.000 180,000 4.000 Finished Goods Cost of Goods Sold Bal. 1/1 40,000 Credits Debits Debits Bal. 12/31 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? What was the unadjusted cost of goods sold for the year? Do not include any und overapplied overhead in your answer. 6. If overhead is applied to production on the basis of direct labor cost, what predeter rate was in effect during the year? Was manufacturing overhead underapplied or overapplied? By how much? & Compute the ending balance in Work in Process. Assume that this balance consists started during the year. If $8,000 of this balance is direct labor cost how much of cost? Applied overhead cost? predetermined overto sists entirely of Ich of it is direct mai