Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bat. 1/1 30,000 Credits 2 Debits 189,500 Credits Debits 150,000 Bat. 12/31 40,000 Work in Process Factory Wages Payable Bal. 1/1 35,000 Credits 515,000 Debits 215,000 Bal. 1/1 Direct materials 105,000 Credits Direct labor 195,000 Bal. 12/31 Overhead 214,500 Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 55,000 Credits 7 Debits Debits ? Bal. 12/31 82,500 16,500 210,000 11,500 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 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? 2. 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 $11,750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Reg 6 Reg 7 Reg 1 to 5 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 overapplied overhead in your answer. Show less 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 Reg 6 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? % of direct labor cost The predetermined overhead rate was Req 1 to 5 Reg 6 Rea 7 Req8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by Reg 6 Req 1 to 5 Rlq8 Req 7 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $11,750 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