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Dupont Fishing Equipment Company manufactures fishing rods in a wide variety of lengths and weights. The following incomplete ledger accounts refer to transactions that are

Dupont Fishing Equipment Company manufactures fishing rods in a wide variety of lengths and weights. The following incomplete ledger accounts refer to transactions that are summarized for November: Materials Nov. 1 Balance 10,000 Nov. 30 Purchases 120,000 Nov. 30 Requisitions (A) Work in Process Nov. 1 Balance (B) Nov. 30 Materials (C) Nov. 30 Direct labor (D) Nov. 30 Factory overhead applied (E) Nov. 30 Completed Jobs (F) Finished Goods Nov. 1 Balance 0 Nov. 30 Completed Jobs (F) Nov. 30 Cost of goods sold (G) Wages Payable Nov. 30 Wages incurred 130,000 Factory Overhead Nov. 1 Balance 2,500 Nov. 30 Indirect labor (H) Nov. 30 Indirect materials 3,000 Nov. 30 Other overhead 60,000 Nov. 30 Factory overhead (E) In addition, the following information is available: 1.Materials and direct labor were applied to six jobs in November Job No. Style Quantity Direct Materials Direct Labor No.111 DL-8 70 15,000 12,000 No.112 DL-18 100 23,000 18,000 No.113 DL-11 120 27,500 25,000 No.114 DL-101 100 11,000 12,500 No.115 DL-110 175 28,000 27,500 No.116 DL-14 80 15 /x.i5nbsp; 14,500 Total 645 119,500 109,500 2.Factory overhead is applied to each job at a rate of 75% of direct labor cost. 3.The November 1 Work in Process balance consisted of two jobs, as follows: Job No. Style Work in Process, Nov. 1 Job 111 DL-8 20,000 Job 112 DL-18 30,000 Total 50,000 4.Customer jobs complete and units sold in November were as follows: Job No. Style Completed in Nov. Units sold in Nov. Job 111 DL-8 X 60 Job 112 DL-18 X 100 Job 113 DL-11 X 80 Job 114 DL-101 0 Job 115 DL-110 X 150 Job 116 DL-14 0 Instructions: 1.Determine the missing amounts associated with each letter. Provide supporting calculations by completing a table with the following headings: Job No. Quantity Nov. 1 Direct Direct Factory Total Unit Units Cost of Work in Materials Labor Overhead Cost Cost Sold Goods sold 2.Determine the November 30 balances for each of the inventory accounts and factory overhead. Note: G. $245,250

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