Analyzing Manufacturing Cost Accounts Big Wave Company manufactures surf boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for July:

Analyzing Manufacturing Cost Accounts Big Wave Company manufactures surf boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for July Materials uly 1 July 31 Balance 35,000puly 31 Requisitions Purchases 140,700 Work in Process uly 1 July 31 July 31 July 31 Balance Materials Direct labor Factory overhead applied (B)July 31 Completed jobs Finished Goods uly 1 July 31 Balance oDuly 31 Cost of goods sold Completed jobs Wages Payable uly 31 Wages incurred 118,800 Factory Overhead uly 1 July 31 July 31 July 31 Balance Indirect labor Indirect materials Other overhead 21,700uly 31 Factory overhead applied 18,700 71,600