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 tran June 1 Balance June 30 Purchases Materials 27,100 June 30 108,900 Requisitions (A) Work in Process June 1 Balance (B) June 30 Completed jobs (F) June 30 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) Check My Work Wages Payable June 30 Wages incurred 118,800 June 1 Balance June 30 Indirect labor June 30 Indirect materials June 30 Other overhead Factory Overhead 21,100 June 30 Factory overhead applied (E) (H) 14,500 106,200 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in June: Job No. Style Quantity Direct Materials Direct Labor 201 T100 200 $17,600 $15,000 202 T200 380 30,340 25,000 203 T400 180 13,500 7,000 204 $200 250 28,050 26,000 205 T300 180 18,720 17,000 206 $100 140 7,640 5,000 Total 1,330 $115,850 $95,000 b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows: Check My Work 206 S100 140 7,640 5,000 Total 1,330 $115,850 $95,000 b. Factory overhead is applied to each job at a rate of 170% 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 $5,700 202 T200 15,400 Total $21,100 d. Customer jobs completed and units sold in June were as follows: Job No. Completed in Units Sold in Style June June 201 T100 X 160 202 T200 304 203 T400 0 204 $200 X 210 205 T300 X 149 206 S100 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 Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold No. 201 No. 202 No. 203 No. 204 No. 205 $ 5,700 15,400 $17,600 $ 15,000 30,340 25,000 13,500 7,000 28,050 26,000 18,720 -17,000 No. 206 Total 7,640 000 $21,100 $115,850 $95,000 a. Materials requisitions b. Work in process beginning balance. c. Direct materials d. Direct labor $ Check My Work Total $21,100 $115,850 $95,000 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