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eBook Show Me How Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1

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eBook Show Me How 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 areas follows: Fabric $20,300 Polyester filling 6,100 Lumber 45,500 Glue 1,900 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $105,200 Polyester filling 146,200 Lumber 288,200 Glue 10,000 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $38,900 $49,000 $131,100 $219,000 Job 602 30,000 53,300 114,800 198,100 Job 603 27,600 36,200 63,800 127,600 Factory overhead-indirect 55,100 5,100 materials Total $96,500 $ 138,500 $309,700 55,100 $549,800 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank. Check My Work Previous Next > eBook Show Me How Total $96,500 $138,500 $309,700 $5,100 $549,800 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 Materials a X Accounts Payable Fudba Check My Work a. Increase materials inventory and a lability for the total of purchases. b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank Work in Process b Factory Overhead Materials TCM WA b. Increase the work in process for direct materials for the Jobs and factory overhead for the Indirect materials c. Determine the April 30 balances that would be shown in the materials ledger accounts. Glue Lumber Fabric Polyester Filling Balance, April 30 Previous Nes Check My Work

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