Selected T-accounts of Moore Co mpany are given below for the just completed year Bal. 1/1 Debits 22,000 Credits 134,000 32,000 Manufacturing Overhead 215,560 Credits Bal. 12/31 Debits Work in Process 27,000l Credits 97,000 171,000 232,560 Bal. 1/1 491,000 Direct materials Direct labor Overhead Bal. 12/31 Factory Mages Payable 199,000 Bal. 1/1 Credits 12,500 194,000 7,500 Debits Bal. 12/31 Finished Goods Bal. 1/1 Debits 47,000 CreditsS Check my work. Bal 1/1 70,500 What was the cost of raw materials used in 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 unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in r answer 6, If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $975 50 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? 6 Req 6 of indirect labor? your answer Req 7 Reg 8 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during K Req 1 to 5 Req 7 > Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by K Req 6 Req 8 > Req 1 to s Req 6Req 7 Req Compute the ending balance in Work in Process. Assume that this balance If $9,750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? entirely of goods started during the year Req 7