Question & Answer: Selected T-accounts of Moore Company are given below for the just completed year: What was the cost of raw…..

We offer all "help with my paper" services e.g. Custom essay writing, Dissertation writing help, Research paper writing, and Term paper writing services at affordable prices. We cover all your paper help needs 24/7.
Get started Order in Chat
Orders delivered on time
Academic disciplines covered
Average rating

Question & Answer: Selected T-accounts of Moore Company are given below for the just completed year: What was the cost of raw…..

Selected T-accounts of Moore Company are given below for the just-completed year: What was the cost of raw materials used in production during the year? How much of the materials in (1) above consisted of indirect materials? How much of the factory labor cost for the year consisted of indirect labor? What was the cost of goods manufactured for the year? What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? Was manufacturing overhead underapplied or overapplied? By how much? Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $11,750 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?

Don’t use plagiarized sources. Get Your Custom Essay Today 

Expert Answer

Question – 1

Cost of material used in the production = Total available – Balance at the ending

= 30000 + 150000 – 40000 = 140000 worth of material used in production.

Question – 2

Work in process is debited with material cost of 105000 which is direct material. So Indirect material shall be 140000 – 105000 = 35000

Question – 3

Total Wager cost of current year = 210000 ( see in T-account – Factory wage cost)

Out of this Direct wage cost = 195000 ( refer to WIP account)

So Indirect wage cost = 210000 – 195000 = 15000

Question – 4

Cost of goods manufactured = 515,000 ( refer to WIP a/c …credits)

Question – 5

Cost of goods sold = Beginning Finished goods + Cost of goods manufactured – Ending Finished goods

= 55000 + 515000 – 82500 = 487,500

Question – 6

Predetermined rate based on direct wages = Factory Overhead applied to production / Direct wages * 100

= 214500 / 195000 * 100 = 110% selected t-accounts for moore company are given below for the just completed year

Question – 7

Under / over absorption of overhead

WIP account indactes that 214500 was absorbed during the year. But Factory overhead a/c indicates total debits of 189,500 ……..So this clearly over absorption.

Over absorption of overhead = 214500 – 189500 = 25000

Question – 8

Ending WIP = Total debits in WIP —– 549500 and credits = 515000. So balance = 34500

When wages are 11750, we have overhead = 11750 * 110% = 12925

So Material cost = 34500 – 11750 – 12925 = 9825

Applied overhead cost = 12925

selected t-accounts for moore company are given below for the just completed year:

Get More Help

Quality Guaranteed

With us, you are either satisfied 100% or you get your money back-No monkey business

Too much stress and so little time?
Our experts are ready to help
Place order
Why Choose Us
Expert writers
Our rigorous writer selection procedure ensures that only subject-matter experts with master's degrees and higher work on your assignments.
Your personal information is not shared with any third parties. Neither do writers have access to it.
Affordable prices
My Paper Support is a cheap do my paper service that offers high quality papers at amazing prices. Our customers enjoy lifetime discounts and other offers
Original content
All papers are written from scratch and plagiarism is not tolerated. We scan all papers for plagiarism using Copyscape, Turniting and Safe Assign
Here's why students opt for MyPaper Support
Hiring a professional "do my paper" service is a guaranteed method of balancing academic, family, and professional demands.
Pressed for time
Better grades
Working smart
Busy Schedule
We understand that balancing professional and student roles is an onerous task. As a result, we have tailored our services to help you balance the increasing demands without tainting the integrity of our education system. Get your paper done within tight deadlines of up to 4 hours.
Speedy delivery. You will receive your
paper before the deadline.
Get started Order in Chat
Raise the GPA
Our paper writers have helped thousands of students improve their GPA and advance professionally. We have a robust QA team which ensures that no error goes unnoticed. Join us and get that Summa cum laude.
Accurate papers. Your work will be based on reputable
sources that provide factual information on the topic.
Get started Order in Chat
Career growth
Why should you stagnate in one position yet you have the required experience to advance professionally? Most students use our do my paper service to obtain the much-needed papers to complement their experience and advance in career.
Ownership of final product You can use the delivered
samples in any way you choose.
Get started Order in Chat
Professional do my paper service
At MyPaper Support, we take your privacy seriously and that why students love us. No writer has access to your personal information. What happens here, stays here..
Value for money. We will return your money
if you are not satisfied with the result.
Get started Order in Chat
Check Prices
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know that being a student these days is hard. Because of this, our prices are some of the lowest on the market.

Instead, we offer perks, discounts, and free services to enhance your experience.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Get personalized services with My Paper Support
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Thank you!
Customer 452707, April 2nd, 2022
Great paper!
Customer 452707, July 1st, 2022
IT, Web
A great job on my paper!! I really appreciate this!!
Customer 452885, January 30th, 2023
Thgank you
Customer 452905, December 11th, 2022
Thanks for the help, appreciate it
Customer 452821, August 27th, 2022
IT, Web
Don did an excellent job!!!
Customer 452885, January 25th, 2023
Always a wonderful experience!
Customer 452453, February 23rd, 2023
thank you
Customer 452881, October 22nd, 2023
Great job
Customer 452813, July 27th, 2023
English 101
thank you
Customer 452483, February 27th, 2021
IT, Web
Great job on the paper!!
Customer 452885, January 30th, 2023
Thanks for your help and support as always!
Customer 452909, May 18th, 2024
Enjoy affordable prices and lifetime discounts
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Order Now Order in Chat

Ensure originality, uphold integrity, and achieve excellence. Get FREE Turnitin AI Reports with every order.