Bell Company€™s fiscal year ends on June 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year.

Other data:
1. On July 1, two jobs were in process: Job No. 4085 and Job No. 4086, with costs of $19,000 and $8,200, respectively.
2. During July, Job Nos. 4087, 4088, and 4089 were started. On July 31, only Job No. 4089 was unfinished. This job had charges for direct materials $2,000 and direct labor $1,500, plus manufacturing overhead. Manufacturing overhead was applied at the rate of 130% of direct labor cost.
3. On July 1, Job No. 4084, costing $145,000, was in the finished goods warehouse. On July 31, Job No. 4088, costing $138,000, was in finished goods.
4. Overhead was $3,000 underapplied in July.

Instructions
List the letters (a) through (n) and indicate the amount pertaining to each letter. Showcomputations.

Transcribed Image Text:

Raw Materials Inventory July Beginning balance 19,000 July 31 Requisitions July 31 Ending balance July Beginning balanceJuly 31 Jobs completed 31 Purchases 90,400 Work in Process Inventory 31 Direct materials 31 Direct labor 31 Overhead 80,000 July 3 Ending balance July Beginning balance July 3 Ending balance July 31 Factory wages July 31 Indirect materials Finished Goods Inventory (h) July 31 Cost of goods sold G) 31 Completed jobs Factory Labor ) July 31 Wages assigned Manufacturing Overhead 8,900 July 31 Overhead applied 117,000 16,000 31 Indirect labor 31 Other overhead