Bell Company’s fiscal year ends on June 30.

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.

Raw Materials Inventory 19,000 July 31 Requisitions 90,400 (a) July 1 Beginning balance 31 Purchases July 31 Ending bala

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, Job
No. 4088, costing $138,000, was in finished goods.
4. Overhead was $3,000 underapplied in July.

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


  • Access to 2 Million+ Textbook solutions
  • Ask any question from 24/7 available



Get help from Managerial Accounting Tutors
Ask questions directly from Qualified Online Managerial Accounting Tutors .
Best for online homework assistance.