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Entries for Materials GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger

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Entries for Materials GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $28,200 Polyester filling 8,500 Lumber 63,200 Glue 2,700 The materials purchased during June are summarized from the receiving reports as follows: Fabric $141,000 Polyester Alling 196,000 Lumber 386,300 Glue 13,400 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $52,200 $65,800 $175,900 $293,900 Job 602 40,200 71,500 154,000 265,700 Job 603 37,100 48,500 85,600 171,200 Factory overhead-indirect $6,800 6,800 materials Total $129,500 $185,800 $415,500 $6,800 $737,600 The glue is not a significant cost, so it is treated as indirect materials (factory overhead) eBook Show Me How Calculator Fabric Polyester Filling Lumber Glue Total Job 601 $65,800 $175,900 $52,200 40,200 $293,900 265,700 Job 602 71,500 154,000 Job 603 37,100 48,500 85,600 171,200 Factory overhead-indirect materials $6,800 6,800 Total $129,500 $185,800 $415,500 $6,800 $737,600 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 June. b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. b. c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, June 30 $

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