Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits Bal. 12/31 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Bal. 1/1 Debita Bal. 12/31 Required: Raw Materials 16,000 Credits 122,000 26,000 2 Debits Mork in Process 21,000 Credits 473,000 Debits 91,000 153,000 244,800 2 Finished Goods Manufacturing Overhead Credits 233,800 Factory Mages Payable 187,000 Bal. 1/1 9,500 Credits: Bal. 12/31 182,000 4,500 41,000 Credits 2 Debits Cost of Goods Sold: T 2 61,500 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 answer. 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 $8,250 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 1 to 5 Req 6 Req 7 Req 8 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 answer. 1. Cost of raw materials 2 Indirect materials 3. Indirect labor cost 4 Cost of goods manufactured 5. Unadjusted cost of goods sold Show less & Selected T-accounts of Moore Company are given below for the just completed year: Bal. 1/1 Debits Raw Materials 16,000 Credits 122,000 Debita Manufacturing Overhead 233,800 Credits Bal. 12/31 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Bal. 1/1 Debits Bal. 12/31 Required: 26,000 2 Work in Process, 21,000 Credits 473,000 Debits Factory Nages Payable 187,000 Bal. 1/1 9,500 91,000 153,000 Credits Bal. 12/31 182,000 4,500 244,800 ? Finished Goods Cost of Goods Sold 41,000 Credits 2 2 Debits 61,500 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 answer. 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 $8,250 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 1 to 5 Req 6 Req 7 Req 8 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 1 to 5 Req 6 Req 7 Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by Compute the ending balance in Work in ProcesAssume that this balance consists entirely of goods started during the year. If $8,250 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