Selected T-accounts of Moore Company are given below for the just completed year: Debit Balance 1/1 Debits Balance 12/31 Debits Raw Materials Credit 25,000 Credits 140,000 35,000 Manufacturing Overhead Debit Credit 203,200 Credits ? Work in Process Debit Credit 30,000 Credits 500,000 100,000 180,000 223,200 ? Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 Debit Factory Wages Payable Credit Debits 205,000 Balance 1/1 Credits Balance 12/31 14,000 200,000 9,000 Finished Goods Debit Credit Balance 1/1 Debits 50,000 Credits ? ? Balance 12/31 75,000 Debits Debit Cost of Goods Sold Credit < Prev 1 of 2 Next > Cost of Goods Sold Debit Credit Debits 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 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 $10,500 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. < Prev 1 of 2 Next > Show less