Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead Raw Materials Debit Credit Balance 1/1 31,000 Credits Debit Debits Credit 181,900 Credits Debits 152,000 Balance 12/31 41,000 Work in Process Factory Wages Payable Debit Credit Debit Credit Balance 1/1 36,000 Credits 518,000 Debits Direct materials 106,000 198,000 217,000 Balance 1/1 Credits Balance 12/31 17,000 212,000 12,000 Direct labor Overhead 207,900 Balance 12/31 2 Finished Goods Cost of Goods Sold Debit Credit Debit Credit Balance 1/1 56,000 Credits Debits Debits 2 Balance 12/31 84,000 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? 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 $12,000 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 answer. 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Req 1 to 5 Req 6 > Show 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 < Req 1 to 5 Req 7 > Req 1 to 5 Req 6 Req 7 Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by < Req 6 Req 8 > Compute the ending balance in Work In Process. Assume that this balance consists entirely of goods started during th $12,000 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 < Req 7 Req B >