Chapter16 ook Calculator Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sures and styles. The following incomplete de acou June 1 Materials 28.000une 30 112,400 Balance Purchases Requisitions Work in Process ( une 30 Completed yobs June 1 June 30 June 30 June 30 Balance Materials Direct labor Factory overhead applied (C (0) Finished Goods obune 30 Cost of Balance Completed jobs June 30 Wages Payable une 30 Wages incurred Factory Overhead 22,500 June 30 Factory overhead applied June 1 June 30 June 30 June 30 Balance Indirect labor Indirect materials Other overhead 14 9 14,900 110.300) In addition, the following information is available: Direct Labor 201 $17,000 26,000 a. Materials and direct labor were applied to six jobs in June: Job No. Style Quantity Direct Materials T100 $20,760 T200 31,100 10,980 5200 29,160 T300 20,600 206 S100 6,940 Total 1,400 $119,540 7400 7,000 27,000 17,000 5,000 $99,000 b. Factory overhead is applied to each job at a rate of 170% 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 1 201 202 Total T100 T200 $6,600 15,900 $22,500 a. Materials requisitions s b. Work in process beginning balance s c. Direct materials s d. Direct labor e. Factory overhead applied $ f. Completed jobs s 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 minus sign to indicate any credit balances Materials Work in process Finished goods Factory overhead