Question
Entries for Materials Bullock Furniture Company manufactures furniture. Bullock uses a job order cost system. Balances on April 1 from the materials ledger are as
Entries for Materials Bullock Furniture Company manufactures furniture. Bullock uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $20,400 Polyester filling 6,100 Lumber 45,700 Glue 2,000 The materials purchased during April are summarized from the receiving reports as follows: Fabric $101,000 Polyester filling 140,400 Lumber 276,700 Glue 9,600 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 101 $37,400 $47,100 $126,000 $210,500 Job 102 28,800 51,200 110,300 190,300 Job 103 26,600 34,800 61,300 122,700 Factory overhead-indirect materials $4,900 4,900 Total $92,800 $133,100 $297,600 $4,900 $528,400 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Hide a. Journalize the entry to record the purchase of materials on account in April. a. Hide 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. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30 $ $ $ $
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