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 38,500 June 30 154,800 Requisitions (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 122,500 Factory Overhead June 1 Balance 20,200 June 30 Factory overhead applied (E) June 30 Indirect labor (H) June 30 Indirect materials 20,600 June 30 Other overhead 64,600 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Job No. Style Quantity Direct Materials Direct Labor 201 T100 190 $23,100 $14,000 202 T200 380 38,400 24,000 203 T400 230 18,860 9,000 204 S200 310 48,180 30,000 205 T300 190 27,400 17,000 206 S100 140 8,720 4,000 Total 1,440 $164,660 $98,000 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 1 201 T100 $5,500 202 T200 14,700 Total $20,200 d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 202 T200 203 T400 204 S200 205 T300 206 S100 X 152 304 0 260 158 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. 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 Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold No. 2011 No. 202 No. 203 No. 204. No. 205 No. 206 Total $5,500 $23,100 $14,000 14,700 38,400 24,000 18,860 9,000 48,180 30,000 27,400 17,000 8,720 4,000 $20,200 164,660 98,000 a. Materials Requisitions b. Work in Process Beginning Balance c. Direct Materials: d. Direct Labor e. Factory overhead applied. f. Completed jobs 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: Finished Goods: Factory Overhead: ssing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter unts as positive numbers. antity June 1 Work in Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold Process $5,500 $23,100 $14,000 14,700 38,400 24,000 18,860 9,000 48,180 10,000 27,400 17,000 8,720 4,000 $20,200 164,660 98,000 itions Beginning Balance