Saved Help Save & Exit Submit Check my work Selected T-accounts of Moore Company are given below for the just completed year. Bal. 1/1 Debits Bal. 12/31 Raw Materials 28,000 Credits 146,000 38,000 Manufacturing Overhead 203,800 Credits Debits 509,000 Work in Process Bal. 1/1 33,000 Credits Direct materials 103,000 Direct labor 189,000 Overhead 226,800 Bal. 12/31 Factory Wages Payable Debits 211,000 Bal. 1/1 Credits Dal 12/31 Pinished Goods Dal 1/1 53,000 Credits Debits Bal. 12/31 79,500 Cost of Goods sold Debits 71 15.500 206,000 10,500 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 $11,250 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Prev 1 of 3 !!! Next >