Analyzing Manufacturing Cost Accounts

Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and transactions that are summarized for June:

Materials

$\backslash$table$[[$June $1$ Balance,$34,900,$June $30$ Requisitions$],[$June $30$ Purchases,$140,300,]]$

Work in Process

June $1$ Balance

$($B$)$ June $30$ Completed jobs

June $30$ Materials

$($C$)$

June $30$ Direct labor

$($D$)$

June $30$ Factory overhead applied

$($E$)$

Finished Goods

Jure i Balance

Jure $30$ Completed Jobs

$($F$)$ June $30$ Cost of goods sold

Finished Goods

$\backslash$table$[[$June $1$ Balance,$($F$),],[$June $30$ completed jobs $30$ Cost of goods sold,,$]]$

$\backslash$table$[[$Wages Payable$],[,,$June $30$ Wages incurred,$130,000],[$Factory Overhead$],[$June $1$ Ealance,$22,800,$June $30$ Factory overhead applled,$(E)$