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Selected T-accounts of Moore Company are given below for the just completed year. Raw Materials Manufacturing Overhead Debit Credit Debit Credit Balance 1/1 16,000 Credits
Selected T-accounts of Moore Company are given below for the just completed year. Raw Materials Manufacturing Overhead Debit Credit Debit Credit Balance 1/1 16,000 Credits Debits 233, 8e0 Credits Debits 122,000 Balance 12/31 26,00 Work in Process Factory Wages Payable Debit Credit Debit Credit Balance 1/1 21,080 Credits 473,000 Debits 187,880 Balance 1/1 Direct materials 91,800 Credits Direct labor 153,880 Balance 12/31 Overhead 244,800 Balance 12/31 Finished Goods Cost of Goods Sold Debit Credit Debit Credit Balance 1/1 41,899 Credits Debits ? Debits Balance 12/31 61,500 9,500 182.ee 4,5ee 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 ans 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 Req 7 Reg 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by
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