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Selected Taccounts of Moore Company are given below for thejust completed year: Raw Iaterials lanufacturin Overhead Bal. 1f1 35,660' Credits ? Debits 133,466' Credits ?
Selected Taccounts of Moore Company are given below for thejust completed year: Raw Iaterials lanufacturin Overhead Bal. 1f1 35,660' Credits ? Debits 133,466' Credits ? Debits 168,600 Bal. 12f31 45,600 ork in Process Bal. 1f1 Credits 533,680 Debits Direct materials Direct labor Overhead Bal. 12/31 Bal. 12f31 Finished Goods Cost of Goods Sold Bal. 1f1 EBJBBB Credits ? Debits ?| Debits ? Bal. 12f31 QGJBBB 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 $13,950 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 labs below. REG lto 5 Red 6 Red 7 Red 8 If overhead is applied to production on the basis of direct labor oost, what predetermined overhead rate was in effect during the year? _: Complete this question by entering your answers in the tabs below. Req 1 to 5 Req 6 Req 7 Req 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was overapplied by leq 6 Req 8 > underapplied overappliedComplete this question by entering your answers in the labs below. Req1t05 Req Req? Rees Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $13,950 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Ending balance in ihe work in process $ Direct materials cost Applied overhead cost
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