=+pment Company manufactures fishing rods in a wide variety of lengths and weights. The following incomplete ledger

Question:

=+pment Company manufactures fishing rods in a wide variety of lengths and weights. The following incomplete ledger accounts refer to transactions that are summa¬

rized for November:

Materials Nov. 1 30 30 Balance Purchases Requisitions Work in Process 10,000 120,000

(A)

Nov. 1 Balance (B)

30 Materials (C)

30 Direct labor (D)

30 Factory overhead applied (E)

30 Completed jobs (F)

Finished Goods Nov. 1 Balance 0 30 Completed jobs (F)

30 Cost of goods sold (G)

Wages Payable Nov. 30 Wages incurred 130,000 Factory Overhead Nov. 1 Balance 2,500 30 Indirect labor (H)

30 Indirect materials 3,000 30 Other overhead 60,000 30 Factory overhead applied (E)

In addition, the following information is available:

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