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

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Entries for Materials Kingsford Furnishings Company manufactures designer furniture Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger areas follows: Fabric $58,300 Polyester filling 30,000 Lumber 58,800 Glue 9,950 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $820,000 Polyester filling 315,000 Lumber 555,000 Glue 80,000 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $190,000 $66,200 $118,500 $374,700 Job 602 365,000 152,100 219,300 736,400 Job 603 255,000 101,700 196,200 552,900 Factory overhead-indirect $83,600 83,600 materials 53 don 1747 Previous Next > Fabric Lumber Glue Total Job 601 Polyester Filling $66,200 152,100 101,700 $118,500 $374,700 $190,000 365,000 255,000 Job 602 Job 603 219,300 196,200 736,400 552,900 Factory overhead-indirect materials $83,600 83,600 Total $810,000 $320,000 $534,000 $83,600 $1,747,600 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 April. If an amount box does not require an entry, leave it blank. a. 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. 99 c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Previo c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30 $ Check My Work History Project O.docx Syllabus FIT1.pdf ature Assi....pdf

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