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 Balance Purchases Materials 38,000 une 30 152,700 Requisitions (A) Completed jobs Work in Process (s) une 30 (C) (D) June 1 June 30 June 30 June 30 (F) Balance Materials Direct labor Factory overhead applied Finished Goods olune 30 June 1 June 30 Cost of goods sold (6) Balance Completed Jobs (F) Wages Payable une 30 Wages incurred 127,500 une 30 Materials une 30 Direct labor (D) (E) June 30 Factory overhead applied Finished Goods June 1 o June 30 Cost of goods sold Balance Completed jobs G June 30 Wages Payable June 30 Wages incurred 127,500 June 1 Factory overhead applied (E) June 30 Balance Indirect labor Indirect materials Other overhead Factory Overhead 22,100 une 30 (H) 20,300 67,300 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 Check My Work June 30 Indirect materials 20,3001 67,300 June 30 Other overhead 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 $28,260 $17,000 202 T200 390 40,200 25,000 203 T400 210 16,260 9,000 204 S200 320 49,540 33,000 205 T300 150 21,350 14,000 206 S100 > 110 6,860 4,000 Total 1,410 $162,470 $102,000 b. Factory overhead is applied to each job at a rate of 130% 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 $6,700 202 T200 15,400 Total $22,100 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 184 202 T200 312 203 T400 0 204 S200 269 205 T300 125 206 S100 0 1. Determine the missing amounts associated with each letter and numbers. 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. Direct Quantity June 1 Work in Process Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold No. 201 $6,700 $ 28,260 $ 17,000 25,000 No. 202 15,400 40,200 No. 203 16,260 9,000 No. 204 49,540 21,350 6,860 33,000 14,000 II II MAIN No. 205 No. 206 4,000 102,000 Total $22,100 162.470 a. Materials Requisitions b. Work in Process Beginning Balance c. Direct Materials d. Direct Labor e. Factory overhead applied No. 206 6,860 4,000 Total $22,100 162,470 102,000 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: UIT Finished Goods: Factory Overhead