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Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Debit Credit Balance 1/1 15,000 Credits ? Debits 120,000 Balance
Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Debit Credit Balance 1/1 15,000 Credits ? Debits 120,000 Balance 12/31 25,000 Manufacturing Overhead Debit Credit Debits 230,000 Credits ? Work in Process Debit Credit Balance 1/1 20,000 Credits 470,000 Direct materials 90,000 Direct labor 150,000 Overhead 240,000 Balance 12/31 ? Factory Wages Payable Debit Credit Debits 185,000 Balance 1/1 9,000 Credits 180,000 Balance 12/31 4,000 Finished Goods Debit Credit Balance 1/1 40,000 Credits ? Debits ? Balance 12/31 60,000 Cost of Goods Sold Debit Credit Debits ? Required: 1. What was the cost of raw materials used in production during the year? 2. How mu
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