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: Materials Requisitions (A) June 1 June 30 Balance Purchases 26,800June 30 107,700 Work In Process (B)pune 30 Completed jobs June 1 June 30 June 30 June 30 Balance Materials Direct labor Factory overhead applied Finished Goods June 30 Cost of goods sold June 1 June 30 Balance Completed jobs Wages Payable The Wan Inirer Wages Payable June 30 Wages incurred 116,300 Factory Overhead Factory overhead applied June 1 June 30 June 30 June 30 Balance Indirect labor Indirect materials Other overhead 22,000 June 30 (H) 14,300 102,400 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in June: Direct Labor Job No. 201 Style T100 T200 Quantity 210 $15,000 410 26,000 T400 210 250 Direct Materials $20,070 31,470 13,050 30,300 15,150 4,490 $114,530 S200 T300 5100 8,000 26,000 14,000 4,000 Total 1,340 $93,000 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 $6,000 202 7200 16,000 Total $22,000 Style d. Customer jobs completed and units sold in June were as follows: Job Completed in Units Sold in No. June June 201 T100 168 202 200 328 203 T400 0 204 $200 210 205 T300 206 S100 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 "O". Enter all amounts as positive numbers. eBook Calculator Print item Job No. Quantity June 1 Work In Process Direct Materials Direct Labor Factory Overhead Total Cost 210 $ 6,000 $20,070 No. 201 No. 202 $ 25,500 $ C 66,570 $ 15,000 26,000 66,570 v 317 410 16,000 31,470 44,200 117,670 No. 203 210 13,050 8,000 No. 204 30,300 26,000 44,200 No. 205 15,150 14,000 23,800 100,500 52,950 337,690 X C 353 No. 206 110 4,490 4,000 Total 1,340 $22,000 $114,530 $93,000 $ 158,100 a. Materials requisitions $ 128,830 b. Work in process beginning balance 22,000 c. Direct materials $ 114,530 d. Direct labor $ 93,000 e. Factory overhead applied $ 158,100 f. Completed tobsd 337.690 Previous Nes Check My Work eBook Calculator Print Item Direct Direct Materials Labor Total Cost Overhead Unit Cost Units Sold cost of Goods Sold June Work In Process $ 6,000 16,000 $ 25,500 $ 168 53,256 66,570 117,670 44,200 94,136 $20,070 31,470 13,050 30,300 $ 15,000 26,000 8,000 26,000 0 44,200 7 100,500 84,420 15,150 14,000 23,800 52,950 337,690 X 0 4,490 $114,530 4,000 $93,000 ,000 $ 158,100 128,830 palance $ 22,000 ,530 158,100 590 Check My Work Previous Next > Printem b. Work in process beginning balance $ 22,000 c. Direct materials $ 114,530 d. Direct labor $ 93,000 e. Factory overhead applied $ 158,100 1. Completed jobs $ 337,690 g. Cost of goods sold 275,937 h. Indirect labor $ 23,300 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