Problem 3-21 T-Account Analysis of Cost Flows [LO3-1, LO3-5, LO3-6, LO3-7] Selected T-accounts for Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 Debits Debits 37,000 460,000 Credits 216,000 Credits Bal. 12/31 59,000 Work in Process Factory Wages Payable Debits 177,000 Bal. 1/1 17,000 Bal. 1/1 Direct materials 74,000 328,000 Credits 470,000 Credits 179,000 Direct labor Overhead 155,000 263,500 Bal. 12/31 19,000 Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 Debits 40,000 Credit Debits Bal. 12/31 136,000