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 Purchases Materials 34,500June 30 Requisitions 138,700 (A) Work in Process June 1 June 30 Balance (B)June 30 Completed jobs (F) Materials (C) June 30 Direct labor (D) June 30 Factory overhead applied (E) Finished Goods June 1 June 30 Balance 0June 30 Cost of goods sold (G) Completed jobs (F) Wages Payable June 30 Wages incurred 117,500 Factory Overhead June 1 Balance 21,200 June 30 Factory overhead applied (E) June 30 Indirect labor (H) June 30 Indirect materials June 30 Other overhead 18,400 71,200 In addition, the following information is available: 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 201 Work in Process, June 1 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 $200 x 210 205 206 T300 $100 x 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. Job No. Quantity June 1 Work in Process Direct Direct Materials Labor Factory Overhead Total Cost Unit Cost Units Sold No. 201 550 x $6,300 $25,260 $16,000 57,750 x 170,500 X 310 X 440 X No. 202 1,100 x 14,900 37,390 24,000 100,100 x 309,100 x 281 X 880 X No. 203 550 X 15,690 7,000 30,800 x 91,300 x No. 204 660 X 37,100 26,000 97,020 X 248,820 X 377 X 570 x No. 205 480 X 26,080 17,000 67,200 X 175,200 x 365 X 420 X No. 206 380 X 6,000 4,000 Total 3,720 X $21,200 147,520 94,000 17,360 X 370,230 X 51,760 X 1,046,680 x a. Materials Requisitions 395,500 X b. Work in Process Beginning Balance 60,500 X c. Direct Materials 351,500 X d. Direct Labor s 264,450 X e. Factory overhead applied $ 370,230 X f. Completed jobs s 903,620 X 751,870 X 65,550 X g. Cost of goods sold h. Indirect labor 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: 17,000 X 143,060 X Finished Goods: 151,750 X Factory Overhead: 9,820 X