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Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 196,800 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials

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Selected T-accounts of Moore Company are given below for the just completed year: Manufacturing Overhead 196,800 Credits Debits Bal. 1/1 Debits Bal. 12/31 Raw Materials 29,000 Credits 148,000 39,000 Work in Process 34,000 Credits 104,000 192,000 220, 800 512,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 213,000 Bal. 1/1 Credits Bal. 12/31 16,000 208,000 11,000 Cost of Goods Sold 2 Debits Bal. 1/1 Debits Bal. 12/31 Pinished Goods 54,000 Credits 2 81,000 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 $11,500 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. Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Reg 7 Req 8 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. Show less 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Chec 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during 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. $11,500 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. 04:18 Req 1 to 5 Reg 6 Req 7 Req8 ok ht Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by 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 th $11,500 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. Reg 1 to 5 Reg 6 Reg 7 Req8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $11,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Ending balance in the work in process Direct materials cost Applied overhead cost

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