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

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 fiscal year.

P2-5B 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 fiscal year.

Raw Materials Inventory

07/01/14	BB		07/31/14	Requisitions
07/31/14	Purchases
07/31/14	EB

 Work in Process Inventory

07/01/14	BB		07/31/14	Jobs completed
07/31/14	DM
07/31/14	DL
07/31/14	Overhead
07/31/14	EB

 Finished Goods Inventory

07/01/14	BB		07/31/14	COGS
07/31/14	Completed jobs
07/31/14	EB

 Factory Labor

07/31/14

Factory wages

07/31/14

Wages assigned

Manufacturing Overhead

07/31/14	Ind matls		07/31/14	Ovrhd applied
07/31/14	Ind labor
07/31/14	Oth overhead

 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 respectfully.

2. During July, Job No. 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.

TUTORIAL PREVIEW

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

(a)	$88,900	($80,000 + $8,900)
(b)	$20,500	[($19,000 + $90,400) - $88,900]

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