Selected T-accounts of Moore Company are given below for the just completed year Manufacturing Overhead 188,400 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 35,000 Credits 160,000 45.000 Work in Process 40,000 Credits 110,000 210,000 218,400 530,000 Debita Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Hages Payable 225,000 Bal. 1/1 Credits Bal. 12/31 19,000 220,000 24,000 Cost of Goods Sold 2 Debits Bal. 1/1 Debits Bal. 12/31 Pinished Goods 60,000 Credits 2 90,000 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 $13,950 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhed cost? Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Reg 7 Reg 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 overapplie 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate 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 stam $13,950 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 Reg 6 Req 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 ove 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 Req 7 Req 8 If overhead is applied to production on the basis of direct labor cost, what predeter the year? % of direct labor cost The predetermined overhead rate was Reg 1 to 5 Reg 6 Req 7 Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by Req 1 to 5 Reg 6 Req 7 Req 8 Compute the ending balance in Work in Process. Assume that this balance consists en If $13,950 of this balance is direct labor cost, how much of it is direct materials cost? Ending balance in the work in process Direct materials cost Applied overhead cost