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Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials ledger are as
Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials ledger are as follows: $22,900 Fabric Polyester filling 6,900 Lumber 51,300 Glue 2,200 The materials purchased during June are summarized from the receiving reports as follows: Fabric $118,200 Polyester filling 164,300 Lumber 323,900 Glue 11,200 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 101 $43,700 $246,100 $55,100 $147,300 Job 102 33,600 128,900 222,400 59,900 143,300 Job 103 31,000 40,600 71,700 Factory overhead-indirect $5,700 5,700 materials $108,300 $155,600 $347,900 $5,700 $617,500 Total Polyester Lumber Fabric Glue Total Filling Job 101 $55,100 $147,300 $246,100 $43,700 128,900 Job 102 33,600 59,900 222,400 Job 103 31,000 40,600 71,700 143,300 Factory overhead-indirect $5,700 5,700 materials $108,300 $155,600 $347,900 $5,700 $617,500 Total The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Determine the total purchase of materials in June. b. mine the amounts of materials transferred Work in and Factory Overhead for the requisition of materials in Materials transferred to Work in Process $ Materials transferred to Factory Overhead c. Determine the June 30 balances that would be shown in the materials ledger accounts. Balance, June 30 Fabric $ Polyester Filling $ Lumber Glue $
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