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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

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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: $23,000 Fabric Polyester filling 6,900 Lumber 51,500 Glue 2,200 The materials purchased during June are summarized from the receiving reports as follows: Fabric Polyester filling $118,700 165,000 325,200 11,300 Lumber Glue Materials were requisitioned to individual jobs as follows: Polyester Filling Fabric Lumber Glue Total Job 601 $43,900 $247,100 Job 602 33,800 31,200 $55,300 60,100 40,800 $147,900 129,500 72,000 223,400 144,000 Job 603 Factory overhead-indirect materials $5,700 5,700 Total $108,900 $156,200 $349,400 $5,700 $620,200 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Total $ 108,900 $156,200 $349,400 $5,700 $620,200 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. a. Materials 619,200 x Accounts Payable 619,200 x 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 597,800 X Factory Overhead 5,600 X Materials 603,400 X Feedback c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, June 30 $ 35,700 x $ 19,600 x $ 36,500 x $ 7,900 x

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