Analyzling Manufacturing Cost Accounts Fire Rock Company manufactures designer padle boards in a wide variety of sizes and styles. The folloning Incomplete ledger e boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June Materials une I une 30 Balance 0 Requisitions Purchases Work in Process June 1 une 30 Materials June 30 Direct labor Balance (e)bune 30 (C Completed jobs CF) )re 30 Factory overhead applied (E Finished Goods une i ODune 3 0 Cost of goods sold June 30 Completed jobs Wages Payable une 3 0 Wages incurred 122,500 Factory Overhead une 1 une 30 lune 30 Indirect materi une 30 oner overhead 20,800une 30 Factory overhead applied Indirect labor 18,900 75,900 Print Item 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 201 202 203 204 205 206 $15,000 T100 T200 T400 S200 T300 S100 Total 210 370 170 310 170 120 1,350 $24,780 36,380 13,460 45,650 22,460 8,640 24,000 7,000 32,000 16,000 4,000 $151,370 $98,000 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: Job No. Style 201 202 Total Work in Process, June 1 $6,000 14,800 T100 T200 $20,800 d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 202 T200 203 T400 204 S200 205 T300 206 S100 168 296 260 141 Check My Work eBook Calculator Print item Work inMaterials Labor Total Cost ob No. Quantity Unit Cost Units Sold Cost of Goods Sold Overhead Process No. 201 No. 202 No. 203 No. 204 No. 205 No. 206 Total 6,000 $24,780$15,000 14,800 36,380 24,000 13,4607,000 45,65032,000 22,460 16,000 8,640 4,000 $20,800 151,370 98,000 a. Materials Requistions b. Work in Process Beginning Balance c. Direct Materials d. Direct Labor e. Factory overhead applied 1. Completed jobs 9 Cost of goods sold h. Indirect labor 2. Determine the June 30 balances for each of the inventory accounts and factory overhead. Use the mius sign to indicate any credt balances Materials: Work in Process: Finished Goods Factory Overhead