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 Dalence Materials 33,800 June 30 Requisitions June 30 Purchases 135,900 Work in Process (A) June 1 Balance June 30 Materials (B) June 30 Completed jobs (F) (C) June 30 Direct labor (0) June 30 Factory overhead applied () Finished Goods June 1 Balance 0June 30 Cost of goods sold (G) June 30 Completed jobs ( June 1 Balance June 30 Indirect labor June 30 indirect materials June 30 Other overhead Wages Payable June 30 Wages incurred 116.300 Factory Overhead 22,000 June 30 Factory overhead applied (1) (M) 18,100 69,500 Job No. Style Quantity 201 T100 230 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in June: Direct Labor $17,000 Direct Materials $25,150 202 T200 380 38,120 25,000 203 T400 210 15,870 8,000 204 $200 250 35,400 24,000 205 T300 180 24,600 16,000 206 $100 100 5,400 3,000 > Total 1,350 $144,540 $93,000 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: Work in Process, Job No. Style June 1 201 T100 $6,500 202 T200 15,500 Total $22,000 d. Customer jobs completed and units sold in June were as follows: Completed Units Sold Job No. Style in June in June 201 T100 X 1841 202 T200 X 304 203 T400 0 204 $200 210 205 T300 X 149 206 $100 0 malate the following table franuired round amo 200 5:00 1. Dette ming mounted with ach letter and complete the following table. If required, round amounts to the nearest dollar, If an answer is zero, enter in "of Enter all amontas potivumbers June 1 Job No Quantity Workin Process Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cast of Goods Sold No.201 No. 202 16,500 15,500 125,150 $17,000 38120 25.000 No. 203 15,870 8,000 No. 204 No. 205 Tual 200 A. Materials Requisitions B. Work in Process Beginning Balance 35,400 24,000 24,000 16,000 5,400 $22,000 $144,540 3,000 $93,000 C. Direct Materials D. Direct Labor " Factory overhead applied F. Completed jobs N G. Cost of goods sold 1. 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 Mater Work in Process Finished Goods Factory Overhead