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: Balance Materials 29,300uly 31 117,500 July 1 July 31 Requisitions Purchases Work in Process (B)Puly 31 Completed jobs July 1 July 31 July 31 July 31 Balance Materials Direct labor Factory overhead applied Finished Goods opuly 31 Cost of goods sold July 1 July 31 Balance Completed jobs Wages Payable July 31 Wages incurred 126,300 Factory Overhead 21,200 july 31 Factory overhead applied July 1 July 31 July 31 July 31 Balance Indirect labor Indirect materials Other overhead 15,600 114,000 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Direct Materials Direct Labor Job No. No. 21 No. 22 Quantity 210 380 200 Style X-10 X-20 X-50 T-20 X-40 T-10 Total $20,070 29,020 11,600 37,440 18,360 $15,000 25,000 8,000 32,000 17,000 4,000 180 150 8,550 1.440 $125,040 $101,000 b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. C. The July 1 Work in Process balance consisted of two jobs, as follows: Work in Process, July 1 Job No. Style Job 21 X-10 Job 22 X-20 $6,000 15,200 Total $21,200 d. Customer fobs completed and units sold in July were as follows: Calculator d. Customer jobs completed and units sold in July were as follows: 168 304 Job No. Style Completed in July Units Sold in July No. 21 X-10 No. 22 X-20 No. 23 X-50 0 No. 24 T-20 269 No. 25 X-40 149 No. 26T-10 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 Direct Materials Direct Labor July 1 Work in Process $ 6,000 Factory Overhead Total Cost Unit Cost Units Sold $ 15,000 15,200 25,000 $ 20,070 29,020 11,600 37,440 18,360 8,000 32,000 17,000 4,000 101,000 8,550 $21,200 125,040 Calculator No. 23 No. 24 8,000 32,000 No. 25 11,600 37,440 18,360 8,550 125,040 17,000 No. 26 Total $21,200 4,000 101,000 $ a. Materials Requisitions se b. Work in Process Beginning Balance s c. Direct Materials s d. Direct Labor si e. Factory overhead applieds f. Completed jobs g. Cost of goods sold s h. Indirect labor s 2. Determine the July 31 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