Selected T-accounts of Moore Company are given below for the just completed year Manufacturing Overhead 230,eee Credits Debits 470,000 Debits Raw Materials Bal. 1/1 15,600 Credits Debits 120,eee Bal. 12/31 25,000 Work in Process Bal. 1/1 20,000 Credits Direct materials 90,000 Direct labor 150,000 Overhead 240,000 Bal. 12/31 Finished Goods Bal. 1/1 40,000 Credits Debits Bal. 12/31 60,000 Factory Wages Payable 185,080 Bal. 1/1 Credits Bal. 12/31 9.00 180,000 4,888 Cost of Goods Sold Debits 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? Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Reg 7 Reg 8 Bal. 12/31 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? Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Rea 7 News 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 2. Indirect materials 3 indirect labor cost 4 Cost of goods and 5. Unadjusted cost of goods sold 40,000 Credits Debits Bal. 1/1 Debits Bal. 12/31 68,000 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? Complete this question by entering your answers in the tabs below. Rea 7 Regs Red 1 to 5 Reg 6 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 Se of direct labor cost 48,809 Credits Debits Bal. 1/1 Debits Bal. 12/31 68,000 566 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. I 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? References Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg6 Re7 N Rugs Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was ( Reqs 40,000 Credits Debits Bal. 1/1 Debits Bal. 12/31 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? Print ferences Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Reg 7 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? Ending balance in the work in process Direct materials cost Applied overhead cost