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 June 1 Balance Requisitions (A) 37,600 June 30 151,000 June 30 Purchases Work in Process (B)pune 30 Completed jobs (F) (C) June 1 June 30 June 30 June 30 Balance Materials Direct labor Factory overhead applied (D) (E) Finished Goods June 1 Balance Cost of goods sold (G) o June 30 (F) June 30 Completed jobs Wages Payable June 30 Wages incurred 120,000 June 1 Factory overhead applied (E) June 30 June 30 Balance Indirect labor Indirect materials Factory Overhead 23,500 June 30 (H) 20,100 59,500 June 30 Other overhead In addition, the following information is available: a. Materials and direct labor were applied to six jobs in June Job No. Style Quantity Direct Materials Direct Labor 201 T100 230 $29,310 $17,000 202 T200 430 43,750 27,000 203 T400 220 17,140 9,000 204 S200 240 36,860 23,000 205 T300 180 25,340 17,000 206 S100 100 8,200 3,000 Total 1,400 $160,600 $96,000 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 $6,800 202 T200 16,700 Total $23,500 d. Customer jobs completed and units sold in June were as follows: Job Completed in Units Sold in Style No. June June 201 T100 X 184 202 T200 344 203 T400 0 204 S200 202 205 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. 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