Chapter 3, Problem 11P

PROBLEM 3-11 T-Account Analysis of cost Flows L03-2, L03-3, L03-4
Selected T -accounts of Moore Company are given below for the just completed year:

1. What was the cost of raw materials used in production during the year?
2. How much of the materials in (I) consisted of indirect materials?
3. How much of the factory for the vet consisted of indirect labor?
4. What was the cost of 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 during the year. If $8,000 of this balance is direct labor how much of it is direct materials cost? Applied overhead cost?