Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 230,000 Credits Debits ? Raw Materials 15,000 Credits 120.000 25,000 Bal. 1/1 Debits Bal. 12/31 470,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Work in Process 20,000 Credits 90,000 150,000 240,000 Factory Wages Payable 185,000 Bal. 1/1 Credits Bal. 12/31 9,000 180.000 4,000 Cost of Goods Sold ? Debits Bal. 1/1 Debits Bal. 12/31 Finished Goods 40,000 Credits ? 60,000 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 $8,000 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost