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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 $19,300 Polyester filling 5,800 43,200 Lumber Glue 1,900 The materials purchased during June are summarized from the receiving reports as follows: Fabric Polyester filling $100,000 139,000 274,000 9,500 Lumber Glue Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total $37,000 $208,300 Job 601 Job 602 28,500 $46,600 50,700 34,400 $124,700 109,200 60,700 188,400 121,400 Job 603 26,300 Factory overhead-indirect materials $4,800 4,800 Factory uvernedu-indirect materials $4,800 4,800 Total $91,800 $131,700 $294,600 $4,800 $522,900 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. 2. Materials Accounts Payable Feedback b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. h Work in Process Factory Overhead Materials C O Feedback c. Determine the June 30 balances that would be shown in the materials ledger accounts Fabric Polyester Filling Lumber Lumber Glue Balance, June 30 $

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