BOOK Ang Manufacturing Cost Accounta Hock Company manufactures designer paddle boards in a wide variety of stzes and styles. The following incomplet ledger accounts refer to transactions that we summared for June Materiale June Balance 82,500pune 30 Requisitions (A) June 30 Purchases 330,000 Completed jobs (F) June 1 June 10 June 30 June 30 Materials Direct labor Factory overhead applied Work in Process (une 30 (c) (0) (6) lunet June 30 Cost of goods sold Finished Goods opune 30 (F Balance Completed jobs Wages Payable Pune 30 Wages incurred 330.000 Factory Overhead 33,000 Sune 30 Factory overhead applied June 1 June 30 Balance Indirect labor Indirect materials June 30 44.000 Chapter Sixteen Homework eBook Print item (E) Factory Overhead June 1 Balance 33,000 June 30 Factory overhead applied June 30 Indirect labor June 30 Indirect materials 44,000 June 30 Other overhead 237,500 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 550 $55,000 $41,250 202 T200 1,100 93,500 71,500 203 T400 550 38,500 22,000 204 S200 660 82,500 69,300 205 T300 480 60,000 48,000 206 S100 380 22,000 12,400 Total 3,720 $351,500 $264,450 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: Work in Process, Job No. Style June 1 201 T100 $16,500 202 T200 44,000 Total $60,500 d. Customer jobs completed and units sold in June were as follows: Completed Units Sold Job No. Style in June in June 201 T100 X 440 mer completed and units sold in more as follows: Style Completed Units Sold In June In June 301 T100 x 440 202 T200 X 380 202 T400 0 204 5200 570 203 420 1100 S100 Units Sald Cost of Qepe Sold 550 55.000 Required 1. Determine the amount octed with each letter by completing the table below. If weisterin ortalamus pienober June 1 Qua - Job Ne Werk in Direct Materiale Direct Laber Ry Factory Overhead Total Cont Unit Cort Process No. 201 $41,250 No. 202 1,100 93,500 71,500 No. 203 550 38,500 22,000 No. 204 660 82,500 69,300 No. 205 480 60,000 40,000 No. 206 380 22,000 12,400 Total 3,720 $351.500 $264A50 A. Materials Requisitions B. Work in Process Beginning Balance Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer saddle boards in a wide variety of stres and styles. The following incomplete ledger accounts refer to transactions that are summarized for one Materials June 1 Balance 62,500 June 30 Requisitions (A) June 30 Purchases 330,000 Completed Jobs () Balance Materials June 1 June 30 June 30 June 30 Work in Process (spune 30 (C) (D) (E) Direct labor Factory overhead applied Finished Goods obune 30 (F Cost of goods sold (G) June 1 June 30 Balance Completed jobs Wages Payable June 30 Wages incurred 330,000 Factory overhead applied (E) Sune 1 June 30 June 30 Balance Indirect labor Indirect materials Factory Overhead 33,000 Sune 30 CHO 44,000 Factory Overhead (E) June 1 Balance 33,000 pune 30 Factory overhead applied June 30 Indirect labor June 30 Indirect materials 44,000 June 30 Other overhead 237,500 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 550 $55,000 $41,250 202 T200 1,100 93,500 71,500 203 T400 550 38,500 22,000 204 S200 660 82,500 69,300 205 T300 480 60,000 48,000 206 S100 380 22,000 12,400 Total 3,720 $351,500 $264,450 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: Work in Process, Job No. Style June 1 201 T100 $16,500 202 T200 44,000 Total $60,500 d. Customer jobs completed and units sold in June were as follows: Completed Units Sold Job No. Style In June in June 201 T100 440 T100 Chapter Side Homework d. Customer pots completed and it word in jung were as follows Job Ne Units Sald Style Completed In June In June 201 X 440 202 7200 x 880 303 T400 204 5200 X 570 205 T300 X 420 206 5100 0 Required 1. Determine the missing onts associated with each better by completing the table below. If an answer is very enter into Enterall amounts sportive numbers June 1 Quan Job Ne Werk in Direct Materials Direct Labor Factory Overhead Total Cost lity Unit Cost Process 201 550 $55,000 141,250 No. 302 1,100 93.00 71,500 No. 203 550 38.500 22.000 No 204 660 52.500 69 300 No. 205 60,000 40,000 No. 206 360 22,000 12.400 3,720 $351.500 $264,450 Unite Sold Cost of Goods Sold A. Materials Requisitions B. Work in Process Beginning Balance