I cannot figure out the last section of this problem (3-21 number 8) 2018-19Unus

Question

I cannot figure out the last section of this problem (3-21 number 8)

2018-19UnusualE nrollmentHlist Inbox (1,697) -timothyj.childe X Chapter 3 Problems Topic: Chapter 3 Help Forum X Chapter 3 Problems ezto.mheducation.com/hm.tpx O ezto.mhedu 70% CCSF: ACCT 2, Managert Fall 208 ACCT 2 Section G. If overhead is applied to production on the basis of direct labor cost. what rate was in effect during the yesr? Chapter 3 Problems Question 1 (of 3 7. Was manufacturing overhead underapplied or overappied? By how much? 2.00 points s 0,000 Problem 3-21 TAccount Analysis of Cost Flows [L03-1, LO3-5, LO3-6, LO3-71 Sloed Taccounte of Moore Company are givan below for the just complated year Raw Matarials Bal. 1/1 Debits 5.000 120.000 Credits Debits 230.000 8, Compute the ending balas i th Work in Process nventory account. Assume that this balance consists entrely of goods started during the year ir $8000 of this balance is diteet labor cost, hew much of it is direct materisls cost? Manufacturing overhead cost? 25,000 Ending lance n the work in rocess Direct materials coat Factory Wages Payable 470,000 overhesd cost S 12.800 Direet maea 0.000 150,000 240,000 180,000 Diees labor 4,000 Bal. 12/31 Finished Goods C0 of Goods Sold Leaming Objective 03-01 Learning objactive: 03-07 Compute underappliso Compute a predatarmined overappliad overhead cost and prapara the journal Bal. Debits 40.000 Credit Debits antry to clooe the balanoe in Manufacturing Ovarhcod to the appropriate accouns Bal. 12/3 Problem 3-21 Leaming Objective 03-05 TAccount Analysis Use T-accounts to show of Cost Flowrs the flow of cosls in a job- 1. what was the oost of ra" materals put imo production durng the yar? O Type here to search 7:42 PM 9/16/2018

Explanation / Answer

Ending balance of work in process = 20000+90000+150000+240000-470000 = 30000

Ending balance in work in process 30000 Direct labour 8000 Manufacturing overhead (8000*160%) 12800 Direct material (30000-8000-12800) 9200

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