Analyzing Manufacturing Cost Accounts In addition, the following information is available: b. Factory overhead is applied to each job at a rate of 140% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in July were as follows: a. Materials Requisitions : b. Work in Process Beginning Balance : c. Direct Materials d. Direct Labor : e. Factory overhead applied e. Factory overhead applied \$ f. Completed jobs : g. Cost of goods sold q 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 bances. Feedback Check My Work 1 a \& c. Direct and Indirect materials are requisitioned. Direct materials are recorded in Work in Process and Indirect materials are recorded in Factory overhead. b. The beginning work in process information is given. d, e \& h. Direct labor cost information is given. Overhead is applied based on direct labor cost. f&g. Beginning Work in Process balances plus all current period manufacturing costs are included in the cost of completed jobs and jobs sold. 2 Insert vour amounts c.alculated in (1) into the T ac.ounts Then determine the endinc halance.s