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 July 1 July 31 Balance 34,600 July 31 Requisitions Purchases 138,900 Work in Process July 1 July 31 July 31 July 31 (B)July 31 Completed jobs Balance Materials Direct labor Factory overhead applied Finished Goods July 1 Balance OJuly 31 Cost of goods sold July 31 Completed jobs Wages Payable July 31 Wages incurred 126,300 Factory Overhead July 1 July 31 July 31 July 31 22,800 July 31 Balance Indirect labor Indirect materials Other overhead Factory overhead applied (H 18,500 88,300