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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If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.