Question: Problem 3 - 1 1 ( Algo ) T - Account Analysis of Cost Flows [ LO 3 - 2 , LO 3 - 3
Problem Algo TAccount Analysis of Cost Flows LO LO LOSelected Taccounts of Moore Company are given below for the just completed year:DebitRaw MaterialsBalance DebitsBalance DebitDebitsCreditsManufacturing OverheadCreditCreditCreditsBalance Direct materialsDirect laborOverheadBalance DebitWork in ProcessCreditCreditsDebitsDebitFactory Wages PayableBaLance CreditsFinishedBalance GoodsCreditDebitBalance DebitsBalance CreditCreditsDebitCost of GoodsSoldDebitsCreditRequired: What was the cost of raw materials used in production during the year How much of the materials in above consisted of indirect materials: How much of the factory labor cost for the year consisted of indirect labor? What was the cost of goods manufactured for the year? Movemeat saplete prostet odise fee or diet lap or whar predetermined overred ale a nee drug answer.year? Was manufacturing overhead underapplied or overapplied? By how much? Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $ of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?
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