Selected T-accounts of Moore Company are given below for the just completed year:

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 $9,750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?

Raw Materials Credit Manufacturing Overhead Debit 215,560 Credits Credit ? Debits ? Debit Balance 1/1 Debits Balance 12/31 22,000 Credits 134,000 32,000 Work in Process Credit Debit 491,000 Debits Debit Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 27,000 Credits 97,000 171,000 232,560 ? Finished Goods Factory Wages Payable Credit 199,000 Balance 1/1 Credits Balance 12/31 12,500 194,000 7,500 Cost of Goods Sold Credit Debit Credit Debit Balance 1/1 Debits Balance 12/31 47,000 Credits Debits 70,500