Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: Materials uneI Balance une 3 41,60 Work in Process une Balance June 30 Materials une 30 Direct labor une 3 leted Finished Goods une I Balance une 30 Cost of Payable Overhead une I Balance June 30 Indirect labor une 30 Indirect materials 188 une 30Other overhead 600 1,700June 30 Factory overhead In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Job No. Direct Materials Direct Labor T100 180 202 T200 420 203 T400 200 204 S200 270 205 T300 150 21,360 $14 27,000 8,000 27,000 14,000 S100 130 ,100 ,000 17,200 39,960 20,900 205 02020aatored Total 1,3504000 150,590900 9,130 b. Factory overhead is applied to each job at a rate of 130% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows Job No. Style Work in Process, June l 20 T100 202 T200 Total 5,300 16,400 S21,700