Selected T-accounts of Moore Company are given below for the just completed year: Debit Balance 1/1 Debits Balance 12/31 Debit Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 Debit Balance 1/1 Debits Balance 12/31 Raw Materials 25,000 Credits 140,000 35,000 Work in Process 30,000 Credits 100,000 180,000 223,200 ? Finished Goods 50,000 Credits ? 75,000 Credit Credit Credit ? Debits 500,000 ? Debits Debits Manufacturing Overhead Debit Factory Wages Payable Debit 203,200 Credits Debit 205,000 Cost of Goods Sold ? Credit Credit Balance 1/1 Crdits Balance 12/31 Credit ? 14,000 200,000 9,000 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 $10,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?

Selected T-accounts of Moore Company are given below for the just completed year: Required: 1. What was the cost of raw materiais 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 storted during the year. If $10,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? 1. What was the cost of raw materiais 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. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? Complete this question by entering your answers in the tabs below. Was manufacturing overhead unclerapplied or overapplied? By how much? Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $10,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost