Selected T-accounts of Moore Company are given below for the just completed year: Balance 1/1 Debits Balance 12/31 Raw Materials Debit Credit 15,000 Credits 120,000 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 Overhead 150,000 240,000 Balance 12/31 ? Factory Wages Payable Debit Credit Debits 185,000 Balance 1/1 Credits Balance 12/31 9,000 180,000 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? 2. How much of the materials in (1) above consisted of indirect materials? 3. How much of the factory labor cost is indirect labor? 4. What was the cost of goods manufactured? 5. What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer. 6. If overhead is applied to production using direct labor cost, what was the predetermined overhead rate? 7. Was manufacturing overhead underapplied or overapplied? By how much? 8. Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $8,000 of this balance is direct labor cost, how much is direct materials cost? Applied overhead cost?