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: June 1 June 30 Balance Materials 34,500June 30 Requisitions Purchases 138,700 (A) Work in Process June 1 Balance (B)June 30 Completed jobs (P) June 30 Materials (C) June 30 Direct labor (D) June 30 Factory overhead applied (E) Finished Goods June 1 Balance 0June 30 Cost of goods sold (G) June 30 Completed jobs (F) Wages Payable June 30 Wages incurred 117,500 Factory Overhead June 1 Balance 21,200 June 30 Factory overhead applied June 30 Indirect labor (H) June 30 Indirect materials June 30 Other overhead 18,400 71,200 Job No. Style Quantity 201 T100 220 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Direct Labor $16,000 Direct Materials $25,260 202 T200 370 37,390 24,000 203 T400 190 15,690 7,000 2041 $200 250 37,100 26,000 205 T300 190 26,080 17,000 206 $100 120 6,000 4,000 Total 1,340 $147,520 $94,000 b. Factory overhead is applied to each job at a rate of 140% 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 1 2011 T100 $6,300 202 T200 14,900 Total $21,200 d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 x 176 202 T200 x 296 203 T400 204 S200 x 210 205 206 1300 $100 158 0 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. June 1 Job No. Quantity Work in Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Process No. 201 x $6,300 $25,260 $16,000 No. 202 No. 203 14,900 37,390 24,000 15,690 7,000 No. 2041 37,100 26,000 No. 205 26,080 17,000 No. 206 6,000 4,000 Total $21,200 147,520 94,000 a. Materials Requisitions b. Work in Process Beginning Balance c. Direct Materials d. Direct Labor S e. Factory overhead applied f. Completed jobs g. Cost of goods sold h. Indirect labor s 2. Determine the June 30 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: Accounting numeric field Factory Overhead