Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. selected t-accounts for moore company are given be

Selected T-accounts for Moore Company are given below for the just completed year: Raw Materials...

90.2K

Verified Solution

Question

Accounting

image

image

Selected T-accounts for Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Credits Debits 220,000 Credits Bal. 1/1 Debits 34,000 440,000 Bal. 12/31 51,000 Work in Process Debits Factory Wages Payable 172,000 Bal. 1/1 Credits Credits 460,000 Bal. 1/1 Direct materials 75,000 321,000 18,000 185,000 Direct labor Overhead 155,000 263,500 Bal. 12/31 31,000 Bal. 12/31 ? Finished Goods Cost of Goods Sold Bal. 1/1 Debits 45,000 Credit Debits Bal. 12/31 135,000 8. Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,600 of this balance is direct labor cost, how much of it is direct materials cost? Manufacturing overhead cost? (Round your predetermined overhead rate percentage and final answers to 2 decimal places.) | $ 354,500.00 Ending balance in the work in process Direct materials cost Manufacturing overhead cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

* If a population of 100,000 microbes was treated with an bactericidal chemical solution for two...

Biology
Q

The demand for electric power is usually much higher during the day than it is at...

Mechanical Engineering
Q

What are some effects of prostaglandins in the body?Check all that apply.work to make reactions...

Biology
Q

Find the real and complex zeros of the functionf(x) = x + 13x +57x+85

Basic Math
Q

Find the limit of the sequence 37 n 6 an

Calculus
Q

c Determine the exact value for each of the following expressions 3 pts each arcsin...

Calculus
Q

equity were completed during the first year of operations: Journalize the entries to record...

Accounting
Q

During a recent year, a company's accounts receivable had an average balance of...

Accounting
Q

Vaughn Company tiene la siguiente informacin sobre una posible inversin de capital: Inversin inicial $...

Accounting
Q

Question 36 (1 point) The term "material right" is specifically addressed under IFRS but not...

Accounting
Q

Problem 11-4 A heavy construction firm has been awarded a contract to build a large...

Accounting
Q

Suppose a stock has generated the following annual returns: 14.3%, -13.6% and 8.3%. What was...

Finance