Selected ledger accounts of Moore Company are given below for the past year:

Raw MaterialsManufacturing OverheadBal. 1/150,000

Credits?

Debits228,800

Credits?

Debits118,000

Bal. 12/3123,400

Work in ProcessFactory Wages PayableBal. 1/119,200

Credits469,600

Debits184,600

Bal. 1/18,600

Direct materials88,000Credits178,400Direct labour148,000

Overhead296,000

Bal. 12/313,600

Bal. 12/31?

Finished GoodsCost of Goods SoldBal. 1/139,200

Credits?

Debits?

Debits?

Bal. 12/3159,600

Required:1.What was the cost of raw materials put into production during the year?

2.How much of the materials in part (1) consisted of indirect materials?

3.How much of the factory labour cost for the year consisted of indirect labour?

4.What was the cost of goods manufactured for the year?

5.What was the cost of goods sold for the year (before considering under- or overapplied overhead)?

6.If overhead is applied to production on the basis of direct labour cost, what rate was in effect during the year?

7.Was manufacturing overhead under- or overapplied? By how much?

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 $7,200 of this balance is direct labour cost, how much of it is direct materials cost? Manufacturing overhead cost?