Required: 1. What was the cost of raw materials put into production during the year? Cost of raw materials 2. How much of the materials in Requirement (1) consisted of indirect materials? Indirect materials 3. How much of the factory labour cost for the year consisted of indirect labour? Indirect labour cost4. What was the cost of goods manufactured for the year? Cost of goods manufactured 5. What was the cost of goods sold for the year (before considering under- or overapplied overhead)? Cost of goods sold 4 6. If overhead is applied to production on the basis of direct labour cost, what rate was in effect during the year? % of direct labour cost Predetermined overhead rate7. Was manufacturing overhead under- or overapplied? By how much? Manufacturing overhead 8. Compute the ending balance in the work-in-process inventory account. Assume that this balance consists entirely of goods started during the year. If $8,000 of this balance is direct labour cost, how much of it is direct materials cost? Manufacturing overhead cost? Direct materials cost Manufacturing overhead cost

Selected ledger accounts of Moore Company are given below for the past year. Raw Materials Bal. 1/1 27 ,000 Manufacturing Overhead Credits Debits Debits 120,000 248, 000 Credits Bal. 12/31 25 ,000 Work in Process Factory Wages Payable Bal. 1/1 20,000 Credits 470,000 Debits 185,000 Bal. 1/1 Direct materials 9, 000 90, 090 Credits 180, 000 Direct labour 150,000 Overhead 240,000 Bal. 12/31 Bal. 12/31 4, 090 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 put into production during the year? Cost of raw materials