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this is for number 19. there is no extra requirement to solve these problems. Check my 19 Selected T-accounts of Moore Company are given below

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this is for number 19. there is no extra requirement to solve these problems.
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Check my 19 Selected T-accounts of Moore Company are given below for the just completed year. Manufacturing Overhead 188,400 Credits Debits Bal. 171 Debits Bal. 12731 10 points 530,000 Debits Raw Materials 35,000 Credits 160,000 45,000 Work in Process 40,000 Credits 110.000 210,000 218,400 7 Finished Goods 60,000 Crest 2 90,000 Bal. 171 Direct materials Direct labor Overhead Bal. 12731 Factory Wages Payable 225,000 Bal. 171 Credits Bai. 12731 19,000 220,000 Book Print Cost of Goods Sold Debito References Debito BOL. 12731 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 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? year? Check my 20 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): 10 points Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead coat $ 211,000 $ 263,000 2 $ 157,000 $364,000 $ 353,000 Book Print Inventory balances at the beginning and end of the year were as follows: References Raw materials Work in process Finished goods Beginning $ 52,000 ? $ 34,000 Ending $ 31,000 $ 33,000 7 The total manufacturing costs added to production for the year were $670,000; the cost of goods available for sale totaled $730,000; the unadjusted cost of goods sold totaled $660,000, and the net operating income was $35,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Exercise 3-4 (Algo) Underapplied and Overapplied Overhead (LO3-4) Osborn Manufacturing uses a predetermined overhead rate of $19.90 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $272,630 of total manufacturing overhead for an estimated activity level of 13,700 direct labor-hours. The company actually incurred $270,000 of manufacturing overhead and 13,200 direct labor-hours during the period. Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Would the journal entry to dispose of the underapplied or overapplied overhead increase or decrease the company's gross margin? By how much? 1. Manufacturing overhead 2. The gross margin would by by Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Req 7 Req8 ed 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 ok t Show less ces 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Rego > Complete this question by entering your answers in the tabs below. Req 1 to 5 Rig 6 Req 7 Req 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 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 by ( Req6 Req8 > Req 1 to 5 Req 6 Req 7 Red 8 Reg 8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of good If $13,950 of this balance is direct labor cost, how much of it is direct materials cost? Applied over Ending balance in the work in process Direct materials cost Applied overhead cost

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