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Selected T-accounts of Moore Company are given below for the just completed year Raw Materials Manufacturing Overhead Bal. 1/1 Debits 18,080 Credits 126,000 1illDebits 225,

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Selected T-accounts of Moore Company are given below for the just completed year Raw Materials Manufacturing Overhead Bal. 1/1 Debits 18,080 Credits 126,000 1illDebits 225, 508| Credits Bal. 12/31 28,800 Work in Process Factory Wages Payable 191,800 Bal. 1/1 Credits Bal. 1/1 Direct materials Direct labor Overhead 23,800 Credits 93,800 159,800 479,000 Debits 1e,500 186,000 Bal. 12/31 S,589 Bal. 12/31 Finished Goods Cost of Goods Sold Bal. 1/1 Debits 43,000 Credits Debits Bal. 12/31 64, 580 Required 1 What was the cost of row materials used in production during the year? 2 How much of the matenals 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 If overhead is applied to production on the year 7 Was manufacturing overhead underapplied or overapplied? By how much? Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If 750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? 6 basis of direct labor cost, what predetermined overhead rate was in effect during the Complete this question by entering your answers in the tabs below

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