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please help me to solve it thank you Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes
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Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for lune: Materials June 1 June 30 Balance Purchases Requisitions 26,700 June 30 107,100 (A) June 1 Work in Process (B) une 30 Balance Completed jobs (H) June 30 June 30 June 30 Materials Direct labor Factory overhead applied (D) co June 1 June 30 Finished Goods une 30 Balance Completed jobs Cost of goods sold (0) Wages Payable June 1 Balance Cost of goods sold O June 30 (F) (6) G June 30 Completed jobs Wages Payable June 30 Wages incurred 112,500 June 1 Factory overhead applied (E) June 30 Balance Indirect labor Indirect materials Other overhead Factory Overhead 20,700 June 30 ( 14,2001 99,400 June 30 K June 30 In addition, the following information is available: 2. Materials and direct labor were applied to six jobs in July Job No. Style Quantity Direct Materials 201 T100 170 $16,520 202 1200 400 30,700 203 T400 180 13,320 Direct Labor $12,000 26,000 7,000 a. Materials and direct labor were applied to six jobs in July: Job No. Style Quantity Direct Materials Direct Labor 201 T100 170 $16,520 $12,000 202 T200 400 30,700 26,000 203 T400 180 13,320 7,000 204 S200 260 29,380 26,000 205 T300 170 17,490 16,000 206 S100 110 6,530 3,000 Total 1,290 $113,940 $90,000 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 T100 $4,800 202 T200 15,900 Total $20,700 d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July Total $20,700 d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 136 202 T200 X 320 203 T400 0 204 S200 X 218 205 T300 X 141 206 S100 0 thank you
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