Reference no: EM131241515
Selected T-accounts of Moore Company are given below for the just completed year:
Requirement 1: What was the cost of raw materials put into production during the year? (Omit the "$" sign in your response.)
Requirement 2: How much of the materials in requirement 1 above consisted of indirect materials? (Omit the "$" sign in your response.)
Requirement 3: How much of the factory labor cost for the year consisted of indirect labor? (Omit the "$" sign in your response.)
Requirement 4: What was the cost of goods manufactured for the year? (Omit the "$" sign in your response.)
Requirement 5: What was the cost of goods sold for the year (before considering under-applied or over-applied overhead)? (Omit the "$" sign in your response.)
Requirement 6: If overhead is applied to production on the basis of direct labor cost, what rate was in effect during the year? (Omit the "%" sign in your response.)
Requirement 7: Was manufacturing overhead under-applied or over-applied? By how much? (Input the amount as positive value. Omit the "$" sign in your response.)
Requirement 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 $7,800 of this balance is direct labor cost, how much of it is direct materials cost? Manufacturing overhead cost? (Omit the "$" sign in your response.)
Attachment:- Assignment.rar
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