Common Stock Retained Earnings Sales Revenue Data Table More Info 144.000 Bal. 115,200 Bal. Sneeches Stars Trial Balance Raw Materials Inventory subsidiary ledger: Paper, $4,100; indirect materials, $1,600 Work-in-Process Inventory subsidiary ledger: Job 120, $39,500; Job 121, 50 Finished Goods Inventory subsidiary ledger: Large Stars, $8,900; Small Stars, $13,900 June 1, 2024 Balance Cost of Goods Sold Manufacturing Overhead Selling and Admin. Expenses Account Title Debit Credit Cash $ 15,000 Print Done Accounts Receivable 170,000 Inventories: Raw Materials 5,700 39.500 More Info Post the transactions to the Raw Materials Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance, "Bal" of each 22.800 Paper Indirect Materials 210,000 Bal. 4.100 Bal. 1,600 $ 76,000 Work-in-Process Finished Goods Property, Plant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue 126,000 a. Collections on account, $153,000. b. Selling and administrative expenses incurred and paid, $27,000. c. Payments on account, $43,000. d. Materials purchased on account: Paper, $20,000; indirect materials, $5,000. e. Materials requisitioned and used in production: 1,800 144,000 $ 115,200 0 Post the transactions to the Work-in-Process Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal." of ea In the 0 Job 120 Job 121 Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses 0 Bal. 39,500 Job 120: Paper, 600 Job 121: Paper, $ 7,600 Indirect materials, $ 1,700 f. Wages incurred during June, $38,000. Labor time records for the month: Job 120, 54,500; Job 121, $19,000; indirect labor, $14,500 g. Wages paid in June include the balance in the Wages Payable at May 31 plus $35,000 of wages incurred during June. h. Depreciation on plant and equipment, $2,900. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 80% of direct labor costs j. Jobs completed during the month: Job 120 with 200,000 Large Stars at a total cost of $48,200. k. Sales on account: all of Job 120 for $100,000. I. Adjusted for overallocated or underallocated manufacturing overhead. 0 463,000 $ 463,000 Total Post the transactions to the Finished Goods Inventory subsidiary ledger accounts. Key each transaction by transaction letter, and calculate the ending balance "Bal." of ead Print Done Large stars Small stars Print Done Bal. 8.900 Bal. 13.900