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 June 1 June 30 Balance Purchases (A) 30,100 June 30 121,000 June 1 Completed jobs (F) June 30 June 30 June 30 Balance Materials Direct labor Factory overhead applied Work in Process (6) June 30 (0) (D) (E) Finished Goods Balance Cost of goods sold (G) June 1 June 30 0 June 30 (F) Completed jobs Wages Payable June 30 Wages incurred 113,800 Factory overhead applied (E) June 1 June 30 June 30 June 30 Balance Indirect labor Indirect materials Other overhead Factory Overhead 21,300 June 30 (H) 16,100 79,400 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 190 $20,490 35,420 $14,000 26,000 202 T200 390 203 T400 180 12,740 7,000 204 S200 250 33,500 24,000 205 T300 180 21,400 17,000 3,000 206 S100 100 5,200 Total 1,290 5128.750 $91,000 b. Factory overhead is applied to each job at a rate of 150% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows: Job No. Style $5,500 Work in Process, June 1 201 T100 202 T200 15,800 Total $21,300 d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 152 202 T200 312 203 T400 0 204 5200 210 205 T300 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 "O". 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 $ 5,500 $ 20,490 $ 14,000 No. 202 15,800 35,420 26,000 No. 203 12,740 7,000 No. 204 33,500 24,000 No. 205 21,400 17,000 No. 206 5,200 3,000 Total $21,300 128,750 91,000 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: S HII Finished Goods: Factory Overhead