Selected T-accounts of Moore Company are given below for the just completed year Manufacturing Overhead 229,800 2 Debita Credits Bal. 1/1 Debits Bal. 12/31 Raw Materials 17.000 Credits 124.000 27,000 Work in Process 22,000 Credits 92,000 156,000 241,800 476,000 Debit Dal. 1/1 Direet materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 189,000 Dal. 1/1 Credito Bal 12/31 10,000 184.000 5,000 cost of Goods Sold Finished Goods 42,000 Credits 7 Debito Bal. 1/1 Debito Dal. 12/31 63,000 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 underapplled 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 $8,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Req 1 to 5 Req 6 Req 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. Whlit was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your Show less answer 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold 13 Req6 > Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8,500 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