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 transac July: Materials 28,700|uly 31 115,200 Requisitions uly 1 July 31 Balance Purchases Work in Process (B) Duly 31 Completed jobs Balance Materials Direct labor Factory overhead applied July 1 July 31 uly 31 July 31 Finished Goods ODuly 31 Cost of goods sold uly 1 uly 31Completed jobs Balance Wages Payable uly 31 Wages incurred 125,000