Selected T-accounts of Moore Company are given below for the just completed year Raw Materials Manufacturing overhead Bal. 1/1 Debits Credits Debits 204,720 Credits 23,000 136,000 Bal. 12/31 33,000 Work in Process Factory Wages Payable 201,000 28,000 98,000 174,000 Bal. 1/1 Credits 494,000 Debits Bal. 1/1 13,000 196,000 Direct materials Credits Direct labor Bal. 12/31 8,000 Overhead 222,720 Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 48,000 Credits Debits Debits Bal. 12/31 72,000 Required: 1. 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 your answe 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 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 $10,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? er