Work in Process
Bal. 1/136,000Credits518,000
Direct materials106,000  
Direct labor198,000  
Overhead207,900  
Bal. 12/31?  

 

Required:

1. What to be the price of raw products used in production throughout the year?

2. Just how much the the materials in (1) above consisted that indirect materials?

3. Exactly how much that the manufacturing facility labor cost for the year contained indirect labor?

4. What to be the cost of products manufactured because that the year?

5. What to be the unadjusted expense of goods sold because that the year? carry out not include any type of underapplied or overapplied overhead in your answer.

You are watching: Selected t-accounts for moore company are given below for the just completed year:

6. If overhead is used to production on the basis of straight labor cost, what predetermined overhead rate was in effect during the year?

7. Was manufacturing overhead underapplied or overapplied? By just how much?

8. Compute the finishing balance in work in Process. Assume that this balance consists entirely of items started throughout the year. If $12,000 that this balance is direct labor cost, just how much of it is direct materials cost? used overhead cost?

 

 


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