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Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 Debits Bal. 12/31 21,000Credits ? Debits
Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 Debits Bal. 12/31 21,000Credits ? Debits 210,800Credits 132,000 31,000 Work in Process Factory Wages Pavable 488,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 26,000Credits 197,000 Bal. 1/1 96,000 168,000 226,800 12,000 192,008 7,000 Credits Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 Debits Bal. 12/31 46,000Credits ? Debits 69,000 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
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