Entries for Materials

GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows:

Fabric	$27,400
Polyester filling	8,200
Lumber	61,400
Glue	2,600

The materials purchased during June are summarized from the receiving reports as follows:

Fabric	$134,000
Polyester filling	186,300
Lumber	367,200
Glue	12,700

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$49,600		$62,500		$167,200				$279,300
Job 602	38,200		68,000		146,300				252,500
Job 603	35,200		46,100		81,300				162,600
Factory overhead-indirect materials							$6,400		6,400
Total	$123,000		$176,600		$394,800		$6,400		$700,800

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 June.

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			fill in the blank 05d3f900b043fda_4

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.		fill in the blank 228f02fc2fb7fca_2	fill in the blank 228f02fc2fb7fca_3
		fill in the blank 228f02fc2fb7fca_5	fill in the blank 228f02fc2fb7fca_6
		fill in the blank 228f02fc2fb7fca_8	fill in the blank 228f02fc2fb7fca_9

c. Determine the June 30 balances that would be shown in the materials ledger accounts.

	Fabric	Polyester Filling	Lumber	Glue
Balance, June 30	$fill in the blank 37a996f5c05e069_1	$fill in the blank 37a996f5c05e069_2	$fill in the blank 37a996f5c05e069_3	$fill in the blank 37a996f5c05e069_4