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can someone please help me with this receiving reports as follows: Fabric $105,300 Polyester filling 146,400 Lumber 288,500 Glue 10,000 Materials were requisitioned to Lindividual
can someone please help me with this
can someone please help me with this
receiving reports as follows: Fabric $105,300 Polyester filling 146,400 Lumber 288,500 Glue 10,000 Materials were requisitioned to Lindividual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $39,000 $49,100 $131,400 $219,500 Job 602 30,000 53,400 115,100 198,500 Job 603 27,700 36,300 64,000 128,000 Factory overhead-indirect materials $5,100 5,100 Total $96,700 $138,800 $310,500 $5,100 $551,100 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank. a. 188 b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. b. c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30 Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $20,600 Polyester filling 6,200 Lumber 46,100 Glue 2,000 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $105,300 Polyester filling 146,400 Lumber 288,500 Glue 10,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $39,000 $49,100 $131,400 $219,50 Job 602 30,000 53,400 115,100 198,50 Job 603 27,700 36,300 64,000 128,00 Factory overhead-indirect materials. $5,100 5,10 Total $96,700 $138,800 $310,500 $5,100 $551,10 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank
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