Selected T-accounts of Moore Company are given below for the just completed year Debits Bal. 1/1 Debits Bal. 12/31 Manufacturing Overhead 189,5e Credits 515,00 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Raw Materials , Credits 15e.eee 40,000 Work in Process 35, eee Credits 105,000 195,000 214,5ee ? Finished Goods 55,000 Credits ? 82,500 Factory Wages Payable 215,000 Bal. 1/1 Credits Bal 12/31 16, see 21e,eee 11,500 Cost of Goods Sold Debits Bal. 1/1 Debits Bal. 12/31 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 voar Check my work 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 $11.750 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. Req 1 to 5 Reg 6 Req? Regs 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 matorials 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 Reg 1 to 5 Reg 6 Req 7 Reg 8 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? The predetermined overhead rate was % of direct labor cost Req 1 to 5 Reg 6 Reg 7 Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by Req 1 to 5 Reg 6 Req 7 Reqs Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $11,750 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