1. 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 are as follows:

   Fabric	$18,100
   Polyester filling	5,400
   Lumber	40,500
   Glue	1,700

   The materials purchased during April on account are summarized from the receiving reports as follows:

   Fabric	$88,500
   Polyester filling	123,000
   Lumber	242,500
   Glue	8,400

   Materials were requisitioned to individual jobs as follows:

   	Fabric		Polyester Filling		Lumber		Glue		Total
   Job 601	$33,600		$42,300		$113,200				$189,100
   Job 602	25,900		46,000		99,100				171,000
   Job 603	23,900		31,200		55,100				110,200
   Factory overhead-indirect materials							$4,400		4,400
   Total	$83,400		$119,500		$267,400		$4,400		$474,700

   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.	Materials
   	Accounts Payable

   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.	Work in Process
   	Factory Overhead
   	Materials

   Feedback

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

   	Fabric	Polyester Filling	Lumber	Glue
   Balance, April 30	$	$	$	$

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 are as follows: Fabric $18,100 Polyester filling 5,400 Lumber 40,500 Glue 1,700 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $88,500 Polyester filling 123,000 Lumber 242,500 Glue 8,400 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $33,600 $42,300 $113,200 $189,100 Job 602 25,900 99,100 171,000 46,000 31,200 Job 603 23,900 55,100 110,200 Factory overhead-indirect materials $4,400 4,400 Total $83,400 $119,500 $267,400 $4,400 $474,700 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. . Materials Accounts Payable 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. Work in Process 1,664,000 x Factory Overhead 83,600 X Materials 1,747,600 X Feedback Check My Work c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30 68,300 25,000 X 79,800 X $ 6,350 X Feedback Check My Work