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 Req 1 to 5 Raw Materials 16,000 Credits 122,000 26,000 Work in Process 21,000 Credits 91,000 153,000 244,800 Req 6 ? Finished Goods 41,000 Credits ? 61,500 Credit Credit Credit Req 7 ? Debits 473,000 ? Req 8 Debits Complete this question by entering your answers in the tabs below. Debits Manufacturing Overhead Debit Factory Wages Payable Debit 233,800 Credits Debit 187,000 Cost of Goods Sold ? Credit 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 ansver. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? Credit Balance 1/1 Credits Balance 12/31 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? Credit 9,500 182,000 4,500

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 ansprer. 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overnead rate was in effect during the year? 7. Was manufacturing overhead undereppied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume thot 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. 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 $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. 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