Zoom in and scroll up and down to see everything # Analyzing Manufacturing Cost AccountsFire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions summarized for June:## Materials- **June 1**: Balance $82,500- **June 30**: Purchases $330,000- **June 30**: Requisitions (A)## Work in Process- **June 1**: Balance (B)- **June 30**: Materials (C)- **June 30**: Direct labor (D)- **June 30**: Factory overhead applied (E)- **June 30**: Completed Jobs (F)## Finished Goods- **June 1**: Balance $0- **June 30**: Completed Jobs (F)- **June 30**: Cost of goods sold (G)## Wages Payable- **June 30**: Wages incurred $330,000## Factory Overhead- **June 1**: Balance $0- **June 30**: Indirect labor (H)- **June 30**: Indirect materials $44,000- **June 30**: Other overhead $237,500- **June 30**: Factory overhead applied (E)### Additional Information- Materials and direct labor were applied to six jobs in June: - Jobs 201, 202, 203, 204, 205, 206 - Details include style, quantity, direct materials, and direct labor- Factory overhead is applied to each job at 40% of direct labor cost.- June 1 Work in Process balance consisted of two jobs (201, 202): - Job 201: - Style T100 - $16,500 - Job 202: - Style T200 - $44,000 - Total: $60,500- Completed and sold units are detailed for each job.## Requirements1. **Determine the missing amounts in the ledger:** - Complete the table for jobs with details on the work in process, direct materials, direct labor, factory overhead, total cost, unit cost, units sold, and cost of goods sold.2. **June 30 Balances:** - Materials: $17,000 - Work in

A. Material Requisition=395500 B. Work In Progress Beginning Balance= 60500 C. Direct…

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 cransactions that are summarized for June: Materials 82,500 June 30 330,000 June 1 Balance Requisitions (A) June 30 Purchases Work in Process June 1 (B)June 30 Completed jobs Balance (F) June 30 Materials (C) June 30 June 30 Direct labor D) Factory overhead applied (E) Finished Goods oJune 30 (F) June 1 Balance Cost of goods sold (G) June 30 Completed jobs Wages Payable June 30 Wages incurred 330,000 Factory Overhead 33,000 June 30 (H) 44,000 June 1 Balance Factory overhead applied (E) June 30 Indirect labor June 30 June 30 Indirect materials Other overhead 237,500 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 550 $55,000 $41,250 202 T200 1,100 93,500 71,500 203 T400 550 38,500 22,000 204 5200 660 82.500 69,300 205 T300 480 60,000 48,000 206 S100 380 22,000 12,400 Total 3,720 $351,500 $264,450 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: Work in Process. Job No. Style June 1 201 T100 $16,500 202 T200 44,000 Total $60,500 d. Customer jobs completed and units sold in June were as follows: Completed Units Sold Job No. Style in June in June 201 T100 440 202 T200 880 203 T400 204 S200 570 205 T300 420 206 S100 Required: 1. Determine the missing amounts associated with each letter by completing the table below. If an answer is zero, enter in "0". Enter all amounts as positive numbers. June 1 Quan- Job No. Work in Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold tity Process No. 201 550 16,500 $55,000 $41,250 57,750 170,500 310 440 136,400 No. 202 1,100 44,000 93,500 71,500 100,100 309,100 201 880 247,280 No. 203 550 38,500 22,000 30,800 No. 204 660 82,500 69,300 97,020 248,820 377 570 214,890 No. 205 480 60,000 48,000 67,200 175,200 365 420 153,300 No. 206 380 22,000 12,400 17,360 51,760 3,720 $351,500 $264,450 370,230 1,046,680 751,870 Total A. Materials Requisitions 395,500 B. Work in Process Beginning Balance 60,500 C. Direct Materials 351,500 D. Direct Labor s 264,450 E. Factory overhead applied s 370,230 F. Completed jobs s 903,620 G. Cost of goods sold s 751,870 H. Indirect labor s 65,550 2. Determine the June 30 balances for each of the inventory accounts and factory overhead. Materials 17,000 Work in Process 制 143,060 Finished Goods 151,750 Factory Overhead 9,820