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Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Credit Manufacturing Overhead Debit 233,800 Credit Debits Debit Balance 1/1
Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Credit Manufacturing Overhead Debit 233,800 Credit Debits Debit Balance 1/1 Debits Balance 12/31 Credits 16,000 Credits 122,00 26, eae Work in Process Credit Credits 473,800 Debits Debit Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 21,080 91,800 153,eee 244,880 Factory Wages Payable Debit Credit 187,080 Balance 1/1 Credits Balance 12/31 9,5ee 182, Bee 4,5ee Finished Goods Cost of Goods Sold Credit Debit Credit 41,800 Credits Debit Balance 1/1 Debits Balance 12/31 ? Debits 61,500 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? 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 $8.250 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 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8,250 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
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