Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Bal 1/1 35,000 Credits ? Debits 160,000 Bal 12/31 45,000 Manufacturing Overhead Debits 188,400 Credits ? Work in Process Bal 1/1 40,000 Credits 530,000 Direct materials 110,000 Direct labor 210,000 Overhead 218,400 Bal. 12/31 ? Factory Wages Payable Debits 225,000 Bal. 1/1 19.000 Credits 220,000 Bal. 12/31 14,000 Finished Goods Bal. 1/160,000 Credits? Debits ? Bal 12/31 90.000 Cost of Goods Sold 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 labora 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 nclude 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 dunng the year 7 Was manufacturing overhead underapplied or overapplied By how much? 8. Compute the ending balance - Wonin Process Assume that the balance consiste en la of geodetsted during the stars 3950 ofta ance is Orect scar toch eenheid