er 3 Homework Help Save & Che Problem 3-11 T-Account Analysis of Cost Flows (LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year Manufacturing Overhead 181,900 Credits ? Debits ? Bal. 1/1 Debits Bal. 12/31 181,900 credits Raw Materials 31, eee Credits 152,eee 41,000 Work in Process 36,800 Credits 106,eee 198, eeel 207,900 518,00 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Factory Wages Payable 217,eee Bal. 1/1 Credits Bal. 12/31 17,000 212, eee 12, eee Cost of Goods Sold Debits Bal 1/1 Debits Bal. 12/31 Finished Goods 56,080 Credits ? 84,000 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 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 $12,000 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. Prev 1 of 4 !! Next > 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in yo 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect duri 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 ye $12,000 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 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 $ 142,000 P$ 36,000 $ 1,600 $ 29,900 $ 490,000 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 a 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during 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. $12,000 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 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 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 over 6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in 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 du $12,000 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 Req8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was 5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your an 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 $12,000 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 Reg 2 Reg 8 Compute the ending balance in Work in Process. Assume this balance consists entirely of goods started during the year. If $12,000 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 $ $ $ 29,853 6,424 11.4291 Reg 7