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Analying Manu ng Cost Accounts e Rock Con tactures designer beards in a wide variety of the towing comp u ter to transactions that are

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Analying Manu ng Cost Accounts e Rock Con tactures designer beards in a wide variety of the towing comp u ter to transactions that are sured for une Materials 0 une 1 June 0 Balance Purchase Requisitions 27,700 od Wo Process B eto Completed June 30 Materials Direct Factory overhead clied Balance lunes Cost of good old une 30 Wages Payable Factory Overhead June 1 20.600 ne 30 Factory overhead applied June 30 June 30 June 30 Balance Indirect labor Indirect materials Other overhead (H) 14,800 103,400 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Job No. Direct labor Quantity 180 201 202 390 Style T100 T200 1400 5200 T300 S100 Direct Materials $18,020 30,590 13,800 33,150 16,350 200 290 150 150 $13,000 25,000 8,000 28,000 14,000 5,000 6,450 Total 1960 $11.960 $93,000 b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. The June 1 Work in Process balance consisted of two jobs, as follows: kob No Style Work in Process d. Customer completed and units sold in Mily were as follows Job No. Style Completed in ruly Units Sold in Huly 201 202 T100 7200 203 204 205 206 T400 $200 1300 S100 1. Determine the w ing amounts associated with each tar and complete the following table. If r e d amount to the newest dollar. If weis t er al amounts June 1 Work in Unit Cost Units Sold Cost of Goods Sold Direct Materials Total Cost Job No. Quantity Direct Labor Factory Overhead X No. 201 180 $5,200 $ 18,020 $13,000 $ X 390 15,400 30,590 25,000 X 13,800 ,000 X 290 33,150 28,000 X No. 202 No. 203 No. 204 No. 205 No. 206 Total 150 16,350 14,000 X 150 6,450 5,000 1,360 $20,600 118,360 3,000 $ a. Materials Requisitions si x b. Work in Process Beginning Balance S Direct Materials d. Direct Labor e. Factory overhead applied 1. Completed jobs 9. Cost of goods sold a. Materials Requisitions b. Work in Process Beginning Balance $ c. Direct Materials d. Direct Labor s e. Factory overhead applied s 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

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