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Selected T-accounts of Moore Company are given below for the just completed year: Raw Haterials Hanufacturing Overhead Bal. 1/1 Debits Bal. 12/31 7,000Credits 124,000 27,00 Hork in Process Factory Hages Payable 476, 000 Debits 189,000Bal. 1/1 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 22,000 Credits 92,000 156,000 241,800 10,000 184,000 5,000 Credita Finished Goods Cost of Goods Sold 2 Debits Bal. 1/1 Debits Bal. 12/31 42,000 Credits 63,000 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 $8,500 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 Req 1 to 5 Req 6 Req 7 Req 8 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? e predetermi ed overhead rate % of direct labor cost Req 1 to 5 Req7

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