Review the general ledger accounts you prepared in Requirement 2. Sneeches Stars Trial Balance Data Table More Info June 30, 2024 Balance Debit Credit Sneeches Stars Account Title Cash 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 Accounts Receivable June 1, 2024 Inventories: Balance Raw Materials Account Title Debit Credit Cash $ 15.000 Print Done Accounts Receivable 170,000 Inventories: Raw Materials 5,700 39,500 Work-in-Process - X More Info 22,800 Work-in-Process Finished Goods Property, Plant and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Manufacturing Overhead Selling and Administrative Expenses 210,000 $ 76,000 Finished Goods Property, Plant, and Equipment Accumulated Depreciation Accounts Payable Wages Payable Common Stock 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 Retained Earnings 115,200 Total Sales Revenue 0 0 Requirement 4. Use the Work-in-Process Inventory T-account to prepare a schedule of cost of goods manufactured for the month of June. Review the Work-In-Process Inventory general ledger account you prepared in Requirement 2. Cost of Goods Sold Manufacturing Overhead 0 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, $4,500; 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 Selling and Administrative Expenses $ 463,000 $ Sneeches Stars Schedule of Cost of Goods Manufactured Month Ended June 30, 2024 Total 463,000 Print Done Print Done Cost of Goods Manufactured