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Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and st
Wages Payable June 30 Wages incurred 116,300 Factory Overhead Factory overhead applied June 1 June 30 June 30 June 30 Balance
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 cons
eBook Calculator Print item Job No. Quantity June 1 Work In Process Direct Materials Direct Labor Factory Overhead Total Cost
eBook Calculator Print Item Direct Direct Materials Labor Total Cost Overhead Unit Cost Units Sold cost of Goods Sold June Wo
Printem b. Work in process beginning balance $ 22,000 c. Direct materials $ 114,530 d. Direct labor $ 93,000 e. Factory overh
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Answer #1

Only the missing amounts have been shown below:

Job No. Factory Overhead Total Cost
No. 203 13600 34650
No. 206 6800 15290
Total 158100 387630

June 30 balances:

Materials: $26800 + $107700 - $128830 = $5670
Work in process: $22000 + $114530 + $93000 + $158100 - $337690 = $49940
Finished goods: $0 + $337690 - $275937 = $61753
Factory overhead: $22000 + $23300 + $14300 + $102400 - $158100 = $3900
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