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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 June: Materials Transaction Debit amount Transaction Credit amount June 1 Balance 33,700 June 30 Requisitions (A) June 30 Purchases 135,400 Work in Process Transaction Debit amount Transaction Credit amount June 1 Balance (B) June 30 Completed jobs (F) June 30 Materials (C) June 30 Direct labor (D) June 30 Factory overhead applied (E) Finished Goods Transaction Debit amount Transaction Credit amount June 1 Balance 0 June 30 Cost of goods sold (G) June 30 Completed jobs (F) Wages Payable Transaction Debit amount Transaction Credit amount June 30 Wages incurred 111,300 Factory Overhead Transaction Debit amount Transaction Credit amount June 1 Balance 19,500 June 30 Factory overhead applied (E) June 30 Indirect labor (H) June 30 Indirect materials 18,000 June 30 Other overhead 67,400 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in June: Job No. Style Quantity Direct Materials Direct Labor 201 T100 170 $19,970 $13,000 202 T200 370 36,590 23,000 203 T400 210 17,550 8,000 204 S200 260 36,980 25,000 205 T300 180 24,600 16,000 206 S100 130 8,340 4,000 Total 1,320 $144,030 $89,000 b. Factory overhead is applied to each job at a rate of 140% 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 $5,100 202 T200 14,400 Total $19,500 d. Customer jobs completed and units sold in June were as follows: Job No. Style Completed in June Units Sold in June 201 T100 X 136 202 T200 X 296 203 T400 0 204 S200 X 218 205 T300 X 149 206 S100 0 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in "0". Enter all amounts as positive numbers. Job No. Quantity June 1 Work in Process Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold No. 201 fill in the blank 1 $5,100 $19,970 $13,000 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 fill in the blank 5 $fill in the blank 6 No. 202 fill in the blank 7 14,400 36,590 23,000 fill in the blank 8 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 No. 203 fill in the blank 13 17,550 8,000 fill in the blank 14 fill in the blank 15 fill in the blank 16 fill in the blank 17 No. 204 fill in the blank 18 36,980 25,000 fill in the blank 19 fill in the blank 20 fill in the blank 21 fill in the blank 22 fill in the blank 23 No. 205 fill in the blank 24 24,600 16,000 fill in the blank 25 fill in the blank 26 fill in the blank 27 fill in the blank 28 fill in the blank 29 No. 206 fill in the blank 30 8,340 4,000 fill in the blank 31 fill in the blank 32 fill in the blank 33 fill in the blank 34 Total fill in the blank 35 $19,500 $144,030 $89,000 $fill in the blank 36 $fill in the blank 37 $fill in the blank 38 Line Item Description Amount A. Materials Requisitions $fill in the blank 39 B. Work in Process Beginning Balance $fill in the blank 40 C. Direct Materials $fill in the blank 41 D. Direct Labor $fill in the blank 42 E. Factory overhead applied $fill in the blank 43 F. Completed jobs $fill in the blank 44 G. Cost of goods sold $fill in the blank 45 H. Indirect labor $fill in the blank 46 2. Determine the June 30 balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances. Inventory Accounts Amount Materials $fill in the blank 47 Work in Process $fill in the blank 48 Finished Goods $fill in the blank 49 Factory Overhead $fill in the blank 50

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