Selected T-accounts for Moore Company are given below for the just completed year:

Raw Materials

Manufacturing Overhead

Bal. 1/1 39,000		Credits ?		Debits 217,000		Credits ?
Debits 440,000
Bal. 12/31 50,000

Work in Process

Factory Wages Payable

Bal. 1/1 71,000		Credits 510,000		Debits 179,000		Bal. 1/1 15,000
Direct materials 320,000						Credits 178,000
Direct labor 156,000						Bal. 12/31 14,000
Overhead 257,400
Bal. 12/31 ?

Finished Goods

Cost of Goods Sold

Bal. 1/1 47,000		Credit ?		Debits ?
Debits ?
Bal. 12/31 134,000

Required:

1.	What was the cost of raw materials put into 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 cost of goods sold for the year (before considering underapplied or overapplied overhead)?

6.	If overhead is applied to production on the basis of direct labor cost, what rate was in effect during the year? (Round your percentage answer to 2 decimal (i.e., 1.2345 needs to be considered as 123.45.))

7.	Was manufacturing overhead underapplied 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 $32,400 of this balance is direct labor cost, how much of it is direct materials cost? Manufacturing overhead cost? (Round your predetermined overhead rate percentage and final answers to 2 decimal places.)

rev: 08_19_2014_QC_52473, 03_24_2015_QC_CS-11756