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 Balance June 30 Purchases Materials 30,600June 30 122,900 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) Wages Payable June 30 Wages incurred 125,000 Factory Overhead June 1 Balance June 30 Indirect labor June 30 Indirect materials 22,900June 30 (H) 16,300 Factory overhead applied (E) June 30 Other overhead 99,600 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Direct Labor Job No. Style Quantity Direct Materials 201 T100 200 $20,900 $15,000 202 T200 420 35,360 28,000 203 T400 210 13,560 9,000 204 S200 300 39,000 30,000 205 T300 150 16,850 14,000 206 S100 120 5,080 4,000 Total 1,400 $130,750 $100,000 b. Factory overhead is applied to each job at a rate of 160% 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 $5,900 202 T200 17,000 Total $22,900 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 336 203 T400 0 204 S200 X 252 205 T300 X 125 206 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. June 1 Job No. Quantity Work in Process Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold No. 201 200 $ 5,900 $ 20,900 $ 15,000 No. 203 No. 202 420 210 17,000 35,360 28,000 13,560 9,000 No. 204 300 39,000 30,000 No. 205 150 16,850 14,000 No. 206 120 5,080 4,000 Total 1,400 $22,900 130,750 100,000 $ 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