Sneeches Stars produces stars for elementary teachers to reward their students. Sneeches Sta June 1 follows: (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) (T) 3,700 19,000 V (1) 2,220 47,820 (1) (1) 11,400 38.450 Bal. 0 Bal Post the transactions to the Finished Goods Inventory subsidiary ledger accounts Key each tra Large stars Small stars Bal. Bal. (0) 9,200 47,820 13,000 More info a. Collections on account, $152,000. b. Selling and administrative expenses incurred and paid, $20,000 c. Payments on account, $43,000. d. Materials purchased on account: Paper, $27,700; indirect materials, $3,800. e. Materials requisitioned and used in production: $ 800 Job 120: Paper, Job 121: Paper, Indirect materials, $ 8,050 $ 1,000 f. Wages incurred during June, $43,000. Labor time records for the month Job 120, $3,700, Job 121, $19,000; indirect labor, $20,300 g. Wages paid in June include the balance in the Wages Payable at May 31 plus $40,200 of wages incurred during June, h. Depreciation on plant and equipment, $2,900. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. j. Jobs completed during the month: Job 120 with 900,000 Large Stars at a total cost of $47,820. k. Sales on account: all of Job 120 for $111,000. Print Done Sneeches Stars produces stars for elementary teachers to reward their students. Sneeches Sta June 1 follows: (Click the icon to view the trial balance.) June 1 balances in the subsidiary ledgers were as follows: (Click the icon to view the balances.) (T) 3,700 19,000 V (1) 2,220 47,820 (1) (1) 11,400 38.450 Bal. 0 Bal Post the transactions to the Finished Goods Inventory subsidiary ledger accounts Key each tra Large stars Small stars Bal. Bal. (0) 9,200 47,820 13,000 More info a. Collections on account, $152,000. b. Selling and administrative expenses incurred and paid, $20,000 c. Payments on account, $43,000. d. Materials purchased on account: Paper, $27,700; indirect materials, $3,800. e. Materials requisitioned and used in production: $ 800 Job 120: Paper, Job 121: Paper, Indirect materials, $ 8,050 $ 1,000 f. Wages incurred during June, $43,000. Labor time records for the month Job 120, $3,700, Job 121, $19,000; indirect labor, $20,300 g. Wages paid in June include the balance in the Wages Payable at May 31 plus $40,200 of wages incurred during June, h. Depreciation on plant and equipment, $2,900. i. Manufacturing overhead allocated at the predetermined overhead allocation rate of 60% of direct labor costs. j. Jobs completed during the month: Job 120 with 900,000 Large Stars at a total cost of $47,820. k. Sales on account: all of Job 120 for $111,000. Print Done