Bell Company??s fiscal year ends on June 30. The following accounts are found in its job order

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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.

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Other data:1. On July 1, two jobs were in process: Job No. 4085 and Job No. 4086, with costs of $19,000 and $13,200, 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 120% of direct labor cost.3. On July 1, Job No. 4084, costing $145,000, was in the finished goods warehouse. On July 31, JobNo. 4088, costing $138,000, was in finished goods.4. Overhead was $3,000 underapplied in July.InstructionsList the letters (a) through (n) and indicate the amount pertaining to each letter. Show computations.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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