Selected T-accounts of Moore Company are given below for the just completed year Debit Balance 1/1 Debits Balance 12/31 Manufacturing Overhead Debit Credit 229,800 Credits Debits 2 476,000 Debito Debit Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 Raw Materials Credit 17,000 Credits 124,000 27,000 Work in Process Credit 22,000 Credits 92,000 156,000 241,800 2 Finished Goods Credit 42,000 credito 2 63,000 Factory Wages Payable Debit Credit 199,000 Balance 1/1 Credits Balance 12/31 10,000 184,000 5.000 Cost of Goods sold Debit Credit Debit Balance 1/1 Debits Balance 12/31 Debito 2 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 $8,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Prey 1 of 2 Next > 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 $8,500 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. Reg 1 to 5 Reg 6 Reg 7 Reqa 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 Show less $ 27,000 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold 8. Compute the ending balance in Work in Process. Assum once consists entirely of goods started during the year." $8.500 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 i to s Req6 Reg 7 Reg 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 Prev 1 of 2 !!! Next > 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 over 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead 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 good. $8.500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead ca Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Req 7 Req8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by ( Req 6 Req8 > D . . 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 overa 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead 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 $8,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cos Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Req 7 Req8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started du If $8,500 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