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 lunes Materials June 1 Sune 30 Balance Purchases 38,000 June 30 152,500 Requisitions (A) Completed Jobs June June 30 June 30 The 30 Balans Materials Direct labor Factory overhead kopied Work in Process (lune 30 ( (D) ( June 30 Bance Completed jobs Finished Goods une 30 Cost of goods sold ya Wages Payable June 30 Wages incurred 121,300 Factory Overhead June 1 Factory overhead applied (E) June 30 Balance Indirect labor Indirect materials Other overhead Factory Overhead 23,600 June 30 (H) 20,3001 60,200 June 30 June 30 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 230 202 7200 $27,440 45,600 430 $17,000 27,000 3,000 203 T400 200 16,400 204 5200 250 205 T300 38,550 26.060 24,000 17,000 180 206 S100 130 B.220 4,000 Total 1.420 $162,270 $97,000 b Factory overhead is applied to each sob at a rate of 130% of direct labor cost The June 1 Work in Process balance consisted of two jobs, as follows Job No. Style Work in Process, June 1 201 T100 56.600 202 T200 17.000 Total $23,600 d. Customer jobs completed and units told in July were as follows: Job No. Style Completed in July Units sold in July 201 T100 X 184 202 7200 X 344 203 T400 D 204 S200 X 210 205 T300 X 149 206 S100 0 1. Determine the missing amounts associated with each letter and complete the following table required, round amounts to the nearest collanan answer enterino Enter amounts as positive numbers Job No. Quantity June 1 Work in Process Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold No. 201 230 5.5.600 517,000 $ 27,440 45.600 No.202 430 17.000 27,000 3,000 NO: 203 2007 16.400 No 204 250 38.550 26,000 24,000 17.000 No 205 100 No. 205 136 220 4.000 Total 1.420 $22,600 162,270 97.000 Chy Previous a. Materials Requisitions s b. Work in Process Beginning Balance c. Direct Materials d. Direct Labor 5 e. Factory overhead applied 1. Completed jobs 9. Cost of goods sold h. Indirect labore 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