Selected T-accounts of Moore Company are given below for the just completed year: Balance 1/1 Debits Balance 12/31 Debit

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Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Balance 1 1 Debits Balance 12 31 Debit 1 (56.3 KiB) Viewed 11 times

Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Balance 1 1 Debits Balance 12 31 Debit 2 (39.93 KiB) Viewed 11 times

Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Balance 1 1 Debits Balance 12 31 Debit 3 (16.22 KiB) Viewed 11 times

Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Balance 1 1 Debits Balance 12 31 Debit 4 (22.9 KiB) Viewed 11 times

Selected T Accounts Of Moore Company Are Given Below For The Just Completed Year Balance 1 1 Debits Balance 12 31 Debit 5 (19.2 KiB) Viewed 11 times

Selected T-accounts of Moore Company are given below for the just completed year: Balance 1/1 Debits Balance 12/31 Debits Debit Debits Debit Balance 1/1 Direct materials. Direct labor Overhead Balance 12/31 Debits Debit Debit Debit Balance 1/1 Debits Balance 12/31 Debit Raw Materials 18,000 Credits. 126,000 28,000 Manufacturing Overhead 225,500 Credits Work in Process 23,000 Credits 93,000 159,000 238,500 ? Factory Wages Payable 191,000 Balance 1/1 Credits Credit Finished Goods 43,000 Credits 64,500 Cost of Goods Sold Credit Credit Credit Balance 12/31 Credit Credit ? ? 479,000 10,500 186,000 5,500
Complete this question by entering your answers in the tabs below. Req 1 to 5 Req 6 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. 1. Cost of raw materials i 2. Indirect materials 3. Indirect labor cost 4. Cost of goods manufactured 5. Unadjusted cost of goods sold Answer is complete but not entirely correct. Req 7 $ $ Req 8 116,000 23,000 $ 27,000 $ 479,000 $ 457,500 Show less A
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? The predetermined overhead rate was 83 % of direct labor cost < Req 1 to 5 Req 7 >
Complete this question by entering your answers in the tabs below. Req 1 to 5 Req 7 Was manufacturing overhead underapplied or overapplied? By how much? Manufacturing overhead by $ 21,500 X Req 6 was Answer is complete but not entirely correct. overapplied Req 8
Req 1 to 5 Req 6 Req 7 Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8,750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost? Req 8 Ending balance in the work in process Direct materials cost Applied overhead cost $ 34,500 $ 93,000 $ 238,500