Selected T-accounts of Moore Company are given below for the just completed year: Required: Required: What wos the cost of raw materials used in production during the yoar? 1. How moch of the 2. How much of the materlals in (1) above consisted of Indirect materiais? 3. How much of the factory labot cost for the year consisted of indirect lator? 4. What was the cost of goods manulactured for the year? 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overappled overhead in your answer. 6. If overhead is applied to peoduction on the bosis of direct labor cost, what predeterminod overhead rate was in effect during the year? 7. Wos monufacturing overhead underapplled or overappiled? By how much? 8. Compute the ending batance in Workin Process. Assume that this belance consists entirely of goods started during the year, if $9,250 of this balance is direct labor cost, how much of it is direct matenals cost? Applied overhead cost? $4,s or this dalance is direct iador cost, now mucn or it is airect materiais cost? Appiled overnead costr Complete this question by entering your answers in the tabs below. 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. 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 answ 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 $9,250 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. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? 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 $9,250 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. Was manufacturing overhead und Trapplied or overapplied? By how much? 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 $9,250 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. Compute the ending balance in Work in Process. Assume that this balance consists entrely of goods started during the year if $9,250 of this balance is direct labor cost, how much of it is direct moterials cost? Applied overhead cost
