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Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead 204,720 Credits 10 23,000 Credits 136,000 Debits Bal.
Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead 204,720 Credits 10 23,000 Credits 136,000 Debits Bal. 1/1 points Debits Bal. 12/31 33,000 Skipped Work in Process Factory Wages Payable 201,000 Bal. 1/1 Bal. 1/1 28,000 Credits 494,000 Debits 13,000 196,000 Direct Credits 98,000 Bal, 12/31 materials 8,000 eBook 174,000 222,720 Direct labor Overhead Bal. 12/31 Print Finished Goods Cost of Goods Sold 48,000 Credits Bal. 1/1 Debits Debits Reference Bal. 12/31 72,000 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 $10,000 of this balance is direct labor cost, how much of it is direct materials cost? Appled overhead cost? Complete this question by entering your answers in the tabs below. Req 1 to Req 6 Req 7 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. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer. Show lessa 1.ICost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured Unadjusted cost of goods 5. sold Reg 1 to 5 Req 6 >
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