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...

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:

In addition, the following information is available:

a. Materials and direct labor were applied to six jobs in July:

b. Factory overhead is applied to each job at a rate of 170% of direct labor cost.

c. The June 1 Work in Process balance consisted of two jobs, as follows:

d. Customer jobs completed and units sold in July were as follows:

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.

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.