analyzing manufacturing cost accounts fire rock com
Malying Manufacturing Cost Accounts Fire Red Company manufactures designer paddle boards in a wide variety of stres and styles. The following incomplete ledger secounts refer to transactions that are summarized for June Balance Materials 31,800 un 10 127,8001 June 1 June 30 (A) Purchase Work in Process ( one 30 Completed jobs 0 June 1 June 30 June 30 June 30 Balance Materials Direct labor Factory overhead applied (D) ce Finished Goods dune 30 (F) Cost of goods sold June 1 June 30 (G) Completed you Wages Payable De 30 Wages incurred 120,000 Factory overed applied (5) June 1 June 30 30 Balance Indirect labor Indirect materials Other everhead Factory Overhead 22.200 30 CH 17.000 14.000 30 In addition, the following Wormation is ve - Materials and director were applied to see in line Job No. Quantity Direct Materiale 201 T100 220 Direct Labor $17,000 owing nation is avale Materials and red labor were applied to be sure Jeb No. Quantity Direct Materials 201 T100 220 $22.940 202 T200 400 37.400 203 T400 210 14.160 294 $200 240 32,060 205 T300 170 20,350 206 5100 149 8,360 Total 1,180 $135,970 Direct Labor $17,000 25.000 8.000 25.000 5.000 000 Fedory dised to each one of 10% of Greece Job No Style 201 TIDO 202 7200 Tota Work in Process, June 1 $5,500 15,700 $22,300 Job NA Style Completed in June Units Sold in June 201 TIDO X 303 175 220 200 204 T400 5290 0 710 202 141 200 1. De trand, men to the nearest Waterber Job Ne Quant Nine 1 Work in Direct Direct Pattery Overhead Total Cost Unit Cert Unit Sold Cult Goods Sol 206 S100 1. Determine the missing amounts associated with each better and complete the following table. If required, round amounts to the nearest dollar. If an answer is vero, enter in 'o'. Enteral amounts as positive numbers Job No. Quantity June 1 Work in Process $6,500 Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold N. 201 122.940 $ 17,000 25,000 15,700 37.400 14,866 No. 203 No. 204 No. 205 No. 206 32,060 20,350 3.360 8,000 25,000 16,000 5,000 396,000 $22,200 5135,970 Materials requisitions b. Work in process beginning balance Direct materials 1. Direct labor Factory overhead applied 1. Completed un Cost of de sold Indirect labor 2. Determine the lune 30 anos for each of the wentary and factory overhead. Use the sign to indicate y crece Wors preces