Problem $3$: Job Order Costing and Statement Preparation

Selected T$-$accounts of Moore Company are given below for the just completed year:

Raw Materials

$\backslash$table$[[$Debit$,$Credit$],[$Balance $1/1,23,000,$Credits,$\backslash$table$[[?$question$],[$mark$]]],[$Debits$,136,000,,]]$

$\backslash$table$[[$Manufacturing Overhead$],[$Debit$,$Credit$],[$Debits$204,720,$Credits

$\backslash$table$[[?$question$],[$mark$]]],[,]]$

$\backslash$table$[[$Work in Process,$],[$Debit$,$Credit,$],[$Balance $1/1,28,000,$Credits$494,000],[$Direct materials,$98,000,],[$Direct labor,$174,000,],[$Overhead$,222,720,],[$Balance $12/31,?$question,$],[,$mark,$]]$

$\backslash$table$[[$Factory Wages Payable,$],[$Debit$,$Credit$],[$Debits$201,000,$Balance $\frac{1}{1},13,000],[,$Credits,$196,000],[,$Balance $12/31,8,000]]$

Finished Goods

$\backslash$table$[[$Debit$,$Credit$],[$Balance $1/1,48,000,$Credits,$\backslash$table$[[?$question$],[$mark$]]],[$Debits$,\backslash$table$[[?$question$],[$mark$]],,]]$

Balance $\frac{12}{31},72,000|$

Cost of Goods Sold

$\backslash$table$[[$Debit$,$Cred$],[\backslash$table$[[$Debits

$\backslash$table$[[?$question$],[$mark$]]]],]]$

Problem $3$ continued

Please answer the following questions:

$1.$ What was the cost of raw materials used in production?

$2.$ How much of the materials in $(1)$ above consisted of indirect materials?

$3.$ How much of the factory labor cost is indirect labor?

$4.$ What was the cost of goods manufactured?

$5.$ What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer.

$6.$ If overhead is applied to production using direct labor cost, what was the predetermined overhead rate?