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Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead Debit Credit Debits 196,800 Credits Factory Hages Payable Credit
Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead Debit Credit Debits 196,800 Credits Factory Hages Payable Credit Debit Credit $12,000 Debits 213,000 Balance 1/1 Credits 16,000 200,000 Balance 12/31 11,000 Cost of Goods Sold: Credit Debit Credit Debits Raw Materials Debit Credit Balance 1/1 Debits 29,000 Credits 148,000 Balance 12/31 39,000 Work in Process Debit Balance 1/1 34,000 Credits Direct materials 104,000 Direct labor 192,000 Overhead 220,800 Balance 12/31 ? Finished Goods Debit Balance 1/1 Debits Balance 12/31 54,000 Credits 81,000 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 Complete this question by entering your answers in the tabs below. Req 1 to 5 Req 6 Req 7 Req B If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? The prodefermined overhead rate was of direct labor cost Check m 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 Process. Assume that this balance consists entirely of goods started during the year. If $11,500 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 i < Req 7 Req>
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