1. What was the cost of raw materials used in production during the year? 2. How...

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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? 2/2/2023 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? ACCT 231 - Chapter 3 Selected T-accounts of Moore Company are given below for the just completed year. Raw Materials Balance Debits Balance 12/31 Debits Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 Debits Balance 1/1 Debits Balance 12/31 Debits Debit Debit Debit Debit Debit Manufacturing Overhead 194,100 Credits Debit 32,000 Credits 154,000 42,000 Work in Process 37,000 107,000 201,000 221,100 Factory Wages Payable 219,000 Balance 1/1 Credits Balance 12/31 Credits Finished Goods 57,000 Credits 2 Credit 85,500 Cost of Goods Sold Credit Credit Credit Credit Credit 521,000 17.500 214,000 12,500 ? 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? 2/2/2023 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? ACCT 231 - Chapter 3 Selected T-accounts of Moore Company are given below for the just completed year. Raw Materials Balance Debits Balance 12/31 Debits Balance 1/1 Direct materials Direct labor Overhead Balance 12/31 Debits Balance 1/1 Debits Balance 12/31 Debits Debit Debit Debit Debit Debit Manufacturing Overhead 194,100 Credits Debit 32,000 Credits 154,000 42,000 Work in Process 37,000 107,000 201,000 221,100 Factory Wages Payable 219,000 Balance 1/1 Credits Balance 12/31 Credits Finished Goods 57,000 Credits 2 Credit 85,500 Cost of Goods Sold Credit Credit Credit Credit Credit 521,000 17.500 214,000 12,500 ?

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Q1 What was the cost of raw materials used in the production during the year Answer Cost of raw mate... View the full answer