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 June 30 Materials 31,200 June 30 125,200 Balance Purchases (A) Requisitions Work in Process (B)June 30 Completed jobs (F) June 1 June 30 June 30 June 30 Balance Materials Direct labor Factory overhead applied (D) (E) Finished Goods o June 30 June 1 June 30 Cost of goods sold (G) Balance Completed jobs Wages Payable June 30 Wages incurred 116,300 Factory Overhead 21,600 June 30 Factory overhead applied (E) June 1 June 30 pune 30 pune 30 Balance Indirect labor Indirect materials Other overhead 16,600 81,100 In addition, the following information is available: b. Materials and direct labor were applied to six jobs in July Job No. Style Quantity Direct Materials 201 T100 230 $25,910 202 T200 370 33,980 203 T400 170 10,890 204 S200 250 33,500 205 T300 20,010 206 5100 130 8,850 Total 1,320 $133,140 Direct Labor $17,000 24,000 7,000 25,000 16,000 4,000 $93,000 170 . Factory overhead is applied to each job at a rate of 150% 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 T100 $6,800 T200 14,800 Total $21,600 201 202 Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 X 184 202 T200 X 296 203 1400 0 204 S200 X 210 205 X 141 T300 S100 206 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 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 $ 6,800 $ 25,910 $ 17,000 8,500 x $ 184 No. 202 14,800 33,980 24,000 296 230 370 170 250 No. 203 10,890 7,000 0 No. 204 33,500 25,000 210 No. 205 170 20,010 16,000 141 No. 206 130 8,850 4,000 0 Total 1,320 $21,600 133,140 93,000 a. Materials Requisitions b. Work in Process Beginning Balance c. Direct Materials $ d. Direct Labor e. Factory overhead applied $ r. 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