1.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 June 1 Balance 28,300 June 30 Requisitions (A) June 30 Purchases 113,800 Work in Process June 1 Balance (B) June 30 Completed jobs (F) June 30 Materials (C) June 30 Direct labor (D) June 30 Factory overhead applied (E) Finished Goods June 1 Balance 0 June 30 Cost of goods sold (G) June 30 Completed jobs (F) Wages Payable June 30 Wages incurred 125,000 Factory Overhead June 1 Balance 20,600 June 30 Factory overhead applied (E) June 30 Indirect labor (H) June 30 Indirect materials 15,100 June 30 Other overhead 113,700 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Job No. Style Quantity Direct Materials Direct Labor 201 T100 180 $16,680 $13,000 202 T200 400 31,000 25,000 203 T400 220 12,660 9,000 204 S200 300 32,700 30,000 205 T300 190 19,610 18,000 206 S100 150 8,400 5,000 Total 1,440 $121,050 $100,000 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: Job No. Style Work in Process, June 1 201 T100 $5,100 202 T200 15,500 Total $20,600 d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 X 144 202 T200 X 320 203 T400 0 204 S200 X 252 205 T300 X 158 206 S100 0 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. Job No. Quantity June 1 Work in Process Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold No. 201 $ 5,100 $ 16,680 $ 13,000 $ $ $ $ No. 202 15,500 31,000 25,000 No. 203 12,660 9,000 No. 204 32,700 30,000 No. 205 19,610 18,000 No. 206 8,400 5,000 Total $20,600 121,050 100,000 $ $ $ a. Materials Requisitions $ b. Work in Process Beginning Balance $ c. Direct Materials $ d. Direct Labor $ e. Factory overhead applied $ f. Completed jobs $ g. Cost of goods sold $ h. Indirect labor $ 2. Determine the June 30 balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances. Materials: $ Work in Process: $ Finished Goods: $ Factory Overhead: $ 2. 3. 4. Next