Analyzing materials and other transactions Pompilio's Manufacturing Company uses a job order cost system. The following accounts have been taken from the books of the company:

Required:
1. Analyze the accounts and describe in narrative form what transactions took place. (Use the reference letters

a. through

f. in your explanations.)
2. List the supporting documents or forms required to record each transaction involving the receipt or issuance of materials.
3. Determine the ending balances for Materials, Work in Process, and Finished Goods.

Transcribed Image Text:

Bal. Inventory a. Purchases for month Materials 7,000 b. Requisitions for month 22,000 19,000