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 197,480 Credits ? Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 27,000 Credits 144,000 37,000 Work in Process 32,000 Credits 102,000 186,000 219,480 506,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 209,000 Bal. 1/1 Credits Bal. 12/31 15,000 204,000 10,000 Cost of Goods Sold ? Debits ? Bal. 1/1 Debits Bal. 12/31 Finished Goods 52,000 Credits ? 78,000 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 answer. 6. 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 $11,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost