Selected T-accounts of Moore Company are given below for the just completed year Manufacturing Overhead 202,260 Credits Debits Bal. 1/1 Debits Bal, 12/31 Raw Materials 26,000 Credits 142.0001 36,000 Nork in Process 31,000 Credits 101,000 183,000 223,260 503,000 Debits Bal. 1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 207,000 Bal. 1/1 Credits Bal. 12/31 14,500 202,000 9,500 Cost of Goods Sold Finished Goods 51,000 Credits Debits Bal. 1/1 Debits Bal 12/31 76,500 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 $10,750 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 Req6 Req? Req8 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 Roq 6 > Selected T-accounts of Moore Company are given below for the just completed year. Debit Manufacturing Overhead 202, 260 Credits Bal. 1/1 Debits Bal. 12/31 Raw Materials 26,000 Credits 142,000 36,000 Work in Process 31,000 Credits 101.000 183,000 223,260 503,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12731 Factory Nages Payable 207,000 Bal. 1/1 Credits Bal. 12/31 14,500 202,000 9,500 Finished Goods 51,000 Credits Cost of Goods Sold Bal. 1/1 Debits Bal. 12/31 76,500 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 $10,750 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 Reg 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 rale was % of direct labor cost Selected T-accounts of Moore Company are given below for the just completed year Debit Manufacturing Overhead 202,260 Credits Bal. 1/1 Debits Bal, 12/31 Raw Materials 26,000 Credits 142,000 36,000 Work in Process 31,000 Credits 101,000 183,000 223,260 503,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 207,000 Bal. 1/1 Credits Bal. 12/31 14,500 202,000 9,500 Cost of Goods Sold Finished Goods 51,000 Credits Bal. 1/1 Debits Bal. 12/31 76,500 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 $10,750 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 Req 6 Req 7 Reg 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was Selected T-accounts of Moore Company are given below for the just completed year Debits Manufacturing Overhead 2 02,260 Credits Bal. 1/1 Debits Bal, 12/31 Raw Materials 26,000 Credits 142.000 36,000 Work in Process 31,000 Credits 101.000 183.000 223,260 503,000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal, 12/31 Factory Wages Payabla 207,000 Bal! 1/1 Credits Bal 12/31 14,500 202.000 9,500 Cost of Goods Sold Finished Goods 51,000 Credits Bal. 1/1 Debits Bal. 12/31 76,500 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 $10,750 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 7 Req 8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $10,750 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 (Reg 7