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Selected T - accounts of Moore Company are given below for the just completed year: Required: What was the cost of raw materials used in
Selected Taccounts of Moore Company are given below for the just completed year:
Required:
What was the cost of raw materials used in production during the year?
How much of the materials in above consisted of indirect materials?
How much of the factory labor cost for the year consisted of indirect labor?
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 underapplied or overapplied overhead in your answer.
Required:
What was the cost of raw materials used in production during the year?
How much of the materials in above consisted of indirect materials?
How much of the factory labor cost for the year consisted of indirect labor?
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 underapplied or overapplied overhead in your answe
If overhead is applied to production on the basis of direct labor cost, what predetermined overhead 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 entirely of goods started during the year. If $ of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?
Complete this question by entering your answers in the tabs below.
Req to
Req
Req
Req
What was the cost of raw materials used in production during the year?
How much of the materials in above consisted of indirect materials?
How much of the factory labor cost for the year consisted of indirect labor?
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 underapplied or overapplied overhead in your answer.
Req to
Req
Req
Req
If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year?
The predetermined overhead rate was
of direct labor cost
Complete this question by entering your answers in the tabs below.
Req to
Req
Req
Was manufacturing overhead underapplied or overapplied? By how much?
Manufacturing overhead was
by
Complete this question by entering your answers in the tabs below.
Req to
Req
Req
Req
Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $ of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?
Ending balance in the work in process
Direct materials cost
Applied overhead cost
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