Spivey 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 of $2,000 and direct labour of $1,500, plus manufacturing overhead. Manufacturing over head was applied at the rate of 130% of direct labour cost.
3. On July 1, Job No. 4084, costing $135,000, was in the finished goods warehouse. On July 31, Job No. 4088, costing $143,000, was in finished goods.
4. Overhead was $3,000 under-applied in July.
Instructions
List the letters (a) through (n) and indicate the amount pertaining to each letter. Show calculations.

Transcribed Image Text:

Raw Materials Invento July1 Beginning balance 19,000 uly 31 Requisitions 31 Purchases July 31 Ending balance 90,400 Work in Process Inventor July 1 Beginning balance July 31 Jobs completed 31 Direct materials 31 Direct labour 31 Overhead 70,000 July 31 Ending balance Finished Goods Invento July 1 31 July 31 Beginning balance Completed iobs Ending balance July 31 Cost of goods soldG) Labour July 31 Factory wages July 31 Wages assigned Manufacturing Overhead July 31 31 31 Indirect materials Indirect labour Other overhead 8,900 July 31 Overhead applied $104,000 16,000