116/21,6:21MH Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: Materials \begin{tabular}{lr|l} \hline June 1 Balance & 28,400 & June 30 Requisitions \\ June 30 Purchases & 114,100 & \end{tabular} (A) Work in Process June 1 Balance June 30 Materials June 30 Direct labor June 30 Factory overhead applied (B) June 30 Completed jobs (C) (D) (E) (F) Finished Goods June 1 Balance June 30 Completed jobs (G) Wages Payable June 30 Wages incurred 123,800 \begin{tabular}{l|ll} \hline \multicolumn{2}{l}{ Wages Payable } \\ \hline & June 30 Wages incurred 123,800 \end{tabular} Factory Overhead (E) 13 b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in June were as follows: 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in " 0. Enter all amounts as positive numbers. 2. Determine the June 30 balances for each of the inventory accounts and factory averhead. Use the minus sign to indicate any credit balances. \begin{tabular}{lr} Materials & $ \\ Work in Process & $ \\ Finished Goods & $ \\ Factory Overhead \$ \end{tabular} 116/21,6:21MH Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: Materials \begin{tabular}{lr|l} \hline June 1 Balance & 28,400 & June 30 Requisitions \\ June 30 Purchases & 114,100 & \end{tabular} (A) Work in Process June 1 Balance June 30 Materials June 30 Direct labor June 30 Factory overhead applied (B) June 30 Completed jobs (C) (D) (E) (F) Finished Goods June 1 Balance June 30 Completed jobs (G) Wages Payable June 30 Wages incurred 123,800 \begin{tabular}{l|ll} \hline \multicolumn{2}{l}{ Wages Payable } \\ \hline & June 30 Wages incurred 123,800 \end{tabular} Factory Overhead (E) 13 b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in June were as follows: 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in " 0. Enter all amounts as positive numbers. 2. Determine the June 30 balances for each of the inventory accounts and factory averhead. Use the minus sign to indicate any credit balances. \begin{tabular}{lr} Materials & $ \\ Work in Process & $ \\ Finished Goods & $ \\ Factory Overhead \$ \end{tabular}