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 35,500 June 30 Requisitions Purchases 142,600 Work in Process June 1 Balance (8) June 30 Completed jobs June 30 Materials (C) June 30 Direct labor (D) June 30 Factory overhead applied (E) June 1 June 30 Balance Completed jobs (A) I Finished Goods 0June 30 Cost of goods sold (G) June 1 June 30 Balance Indirect labor June 30 Indirect materials June 30 Other overhead Wages Payable June 301 Wages incurred 123,800 Factory Overhead 22,700June 30 (H) Factory overhead applied. 19,000 75,000 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 200 $24,400 $15,000 202 T200 430 41,050 27,000 203 T400 170 13,820 6,000 204 $200 300 42,300 30,000 205 T300 190 24,440 18,000 206 $100 100 5,700 3,000 Total 1,390 $151,710 $99,000 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 1 201 T100 $6,000 202 T200 16,700 $22,700 Total 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 160 202 T200 x 344 203 T400 0 204 $200 x 252 205 206 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. 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. 201 200 $6,000 $24,400 $ 15,000 No. 202 430 16,700 41,050 27,000 No. 203 170 13,820 6,000 No. 204 300 42,300 30,000 No. 205 190 24,440 18,000 No. 206 100 5,700 3,000 Total 1,390 $22,700 151,710 99,000 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