- Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Credit Dobit Balance 1 1 Debito Balance 1 (32.56 KiB) Viewed 57 times
- Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Credit Dobit Balance 1 1 Debito Balance 2 (44.73 KiB) Viewed 57 times
- Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Credit Dobit Balance 1 1 Debito Balance 3 (35.12 KiB) Viewed 57 times
- Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Credit Dobit Balance 1 1 Debito Balance 4 (29.65 KiB) Viewed 57 times
- Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Credit Dobit Balance 1 1 Debito Balance 5 (23.95 KiB) Viewed 57 times
- Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Credit Dobit Balance 1 1 Debito Balance 6 (24.81 KiB) Viewed 57 times
Selected T-accounts of Moore Company are given below for the Just completed year Credit Dobit Balance 1/1 Debito Balance 12/31 Raw Materials 16,000 Credits 122.000 26,000 Manufacturing Overhead Debit Credis Debito 233,800 Credits Work in Process Credit 473,000 Debit Balance 1/1 Direct materials Direct Labor Overhead Balance 12/31 21,000 Credits 91,000 153,000 244.800 Debit Debits Factory Magos Payable Credit 187,000 Balance 1/1 Credits Balance 12/31 Finished Goods Credit 41,000 Credits 9,500 182,000 4,500 Debit Balance 1/1 Dabits Balance 12/31 61,500 Cost of Goods Sold Debit Credit Debita
LU LUVY 4,500 Balance 12/31 Finished Goods Credit 41,000 Credits Debit Balance 1/1 Debits Balance 12/31 61,500 Cost of Goods Sold Debit Credit Debita ? 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 $8,250 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 Reg 2 Req 8 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 i answer. Show - 1. Cost of raw materials 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Reg 1 to 5 Req 6 >
naing balance in Work in Process. Assume that this balance consists entirely of goods started during the $8,250 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 1 Reg 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? The predetermined overhead rate was % of direct labor cost <Roq 1 to 5 Roq7 >
Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Req 7 Reg 8 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead was by < Req 6 Req8 >
Complete this question by entering your answers in the tabs below. Req 1 to 5 Reg 6 Reg 7 Reg 8 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8,250 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Ending balance in the work in process Direct materials cost Applied overhead cost < Req 7 Roe < Prev 4 of 4 IB Next