Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 16,000 Credits Debits 233,800 Credits Debits 122,000 Bal. 12/31 26,000 Work in Process Factory Wages Payable Bal. 1/1 21,000 Credits 473,000 Debits 187,000 Bal. 1/1 9,500 Direct materials 91,000 Credits 182,000 Direct labor 153,000 Bal. 12/31 4,500 Overhead 244,800 Bal, 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 41,000 Credits Debits Debits 7 Bal. 12/31 61,500 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 answe 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prev 1 of 4 Next >