Question

Analyzing Manufacturing Cost Accounts Fre Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are ward for June Dne 1 June 30 Balance Purchases Materials 29.700 ne 30 119.400 Requisition (A) Complete Work in Pro ne 30 (c) (D) June 1 June 30 30 June 30 ( Balance Materials Direct labor Factory overhead applied June 1 June 30 Finished Goods June 30 FX Balance Completed jobs Cist of goods (0) Wages Payable Sune 30 Wages incurred 123,000 Factory overhead applied unei June 30 June 30 nen Balance Indirect labor Indirect materials cherrhea Factory Overhead 22.00 CH 15.900 OR

Answer 1

Answer Page: No 0 Job NO Buantita o Tunel Direct work in Direct Factory Total unit units cost of process materials labor overhead cost coot sold 201 230 $6700 $21690 $17000 $28900$74290 $323 184 #59432 202 400 $16200 $32400 426000 $ 44200 18,800 $297 320 $95040 203 200 |$13400 $8000 $13600 35000 $0 goods sold 0 2041290 206 150 O $348001429000$493004113100 $390 244 $95160 205150 $16350414000 $23800 #54150 $36|| 125 $451251 $8400|$5000$8500 $21900 $0 Total 1420 2290016127040|$99000 #168300 #417240 $294,757 Factory overhead = 140 7. y direct labor cool unit cost Total cost quantity @ Materials requisitions = direct material. + indiveet material $127,040 + $ 15900 = $142,940 6 000€ im process beginning balance = 6700 + 16200 +*22900 0 Direct materials $ 127,040 a direct labor - 1 $99000 @ Factory overhead applied - 99000 NV40% 99000 N1 70%. = $168300

completed jobs = (201420 3 +204 + 206 liebs Page No ••0 = 74290 + 118,800 +113100 + 54150 . $360,340 I cost of goods sold $294,754 6 Indirect labor tooges incurred - direct labor 123800 - 99000 $24800 (2) June 30 balances Materials = opening + purchases + purchases – requisitions $6160 29700 +119400 142940 =$56900 Finished goods た work in proces = coof jobs20 3 & 206 = 35000 + 21900 (74290 +118800+113100 + 54150) – 294757 $65583 Factory overhead = (22900 + 24800 + 15900+108909) – 168300 *4200