Problem 3-11 T-Account Analysis of Cost Flows (LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company are given below for the just completed year. ? Debits Manufacturing Overhead 189,500 Credits Bal. 1/1 Debits Bal. 12/31 515.000 Debits Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 Raw Materials 30,000 Credits 150,000 40,000 Work in Process 35,000 Credits 105,000 195,000 214,500 ? Finished Goods 55,000 Credits ? 82,500 Factory Wages Payable 215,000 Bal. 1/1 Credits Bal. 12/31 16,500 210,000 11,500 Cost of Goods sold ? Debits Bal. 1/1 Debits Bal. 12/31 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 $11,750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Complete this question by entering your answers in the tabs below. Reg 1 to 5 Reg 6 Req 7 Req8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was overapplied by