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#2 Fabric Entries for Materials Yellen Furnishings manufactures designer Furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials
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Fabric Entries for Materials Yellen Furnishings manufactures designer Furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: $36,500 Polyester filing 25,700 Lumber 56,200 Glue 5,900 The materiais purchased during June are summarized from the receiving reports as follows: Fabric $396,000 Polyester filing 162,000 Lumber 324,000 36,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $185,000 $68,000 $108,000 5361,000 Job 602 99,000 32,000 79,000 210,000 Job 603 117,000 113,000 280,000 Factory overhead indirect materials $31,300 31,300 Total 3401,000 $150,000 $300,000 $31,300 $882,300 Glow 50,000 Journaise the entry to record the purchase of materials in June. If an amount box does not require an entry, leave it blank 6. Accounts Payable 88 Cash Increase materials inventory and liability for the total of purchases. b. Journalize the entry to record the requisition of materials in June. It an amount box does not require an entry, leave it blank. Materials X Accounts Receivable 59 Work in PrOcES the the process for direct materials for the sous and factory overhead for the indirect materials Det the bes that would be shown in the material ledger accounts ched My We b. Increase the work in process for direct materials for the Jobs and factory overhead for the Indirect materials. c. Determine the June 30 balances that would be shown in the materials ledger accounts Fabric Polyester Filling Lumber Balance, June 30 Glue Fecha Ched My Woo cstart with the beginning balance and add the purchases and subtract the requisitions. Che Wo Partially corred Step by Step Solution
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