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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing. Balances on April 1 from the materials ledger are as
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing. Balances on April 1 from the materials ledger are as follows: Item Amount Fabric $20,400 Polyester filling 6,100 Lumber 45,700 Glue 2,000 The materials purchased during April are summarized from the receiving reports as follows: Item Amount Fabric $101,000 Polyester filling 140,400 Lumber 276,700 Glue 9,600
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing. Balances on Apri The materials purchased during April are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: 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. X Feedback Check My Work a. Increase materials inventory and a liability for the total of purchases. b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. t Feedback Check My Work b. Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials. c. Determine the April 30 balances that would be shown in the materials ledger accountsStep by Step Solution
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