Business, 17.07.2019 18:20, aidendespatieshakim

Selected t-accounts of moore company are given below for the just completed year: raw materials bal. 1/1 15,000 credits ? debits 120,000 bal. 12/31 25,000 manufacturing overhead debits 230,000 credits ? work in process bal. 1/1 20,000 credits 470,000 direct materials 90,000 direct labor 150,000 overhead 240,000 bal. 12/31 ? factory wages payable debits 185,000 bal. 1/1 9,000 credits 180,000 bal. 12/31 4,000 finished goods bal. 1/1 40,000 credits ? debits ? bal. 12/31 60,000 cost of goods sold debits ? required: 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 materia

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Selected t-accounts of moore company are given below for the just completed year: raw materials bal...