Question
clectic Ergonomics Company manufactures designer furniture. Eclectic Ergonomics uses ajob order cost system. Balances on April 1 from thematerials ledgerare as follows: Fabric$ 67,910Polyester filling19,920Lumber151,860Glue6,750The
clectic Ergonomics Company manufactures designer furniture. Eclectic Ergonomics uses ajob order cost system. Balances on April 1 from thematerials ledgerare as follows:
Fabric$ 67,910Polyester filling19,920Lumber151,860Glue6,750The materials purchased during April are summarized from thereceiving reportsas follows:
Fabric$338,580Polyester filling470,870Lumber901,370Glue31,670Materials were requisitioned to individual jobs as follows:
FabricPolyester FillingLumberGlueTotalJob 81$126,370$161,120$397,120$ 684,610Job 8298,480146,210370,720615,410Job 8393,880115,240205,800414,920Factoryoverhead-indirectmaterials$35,52035,520Total$318,730$422,570$973,640$35,520$1,750,460The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
Required:
A.Journalize the April 1 entry to record the purchase of materials in April.*B.Journalize the April 3 entry to record the requisition of materials in April.*C.Determine the April 30 balances that would be shown in the materials ledger accounts.*Refer to the Chart of Accounts for exact wording of account titles.
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