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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 | $25,500 |
Polyester filling | 7,700 |
Lumber | 57,100 |
Glue | 2,400 |
The materials purchased during April are summarized from the receiving reports as follows:
Item | Amount |
---|---|
Fabric | $130,800 |
Polyester filling | 181,800 |
Lumber | 358,400 |
Glue | 12,400 |
Materials were requisitioned to individual jobs as follows:
Fabric | Polyester Filling | Lumber | Glue | Total | |
---|---|---|---|---|---|
Job 601 | $47,100 | $59,300 | $158,700 | $265,100 | |
Job 602 | 36,300 | 64,500 | 138,900 | 239,700 | |
Job 603 | 33,400 | 43,800 | 77,200 | 154,400 | |
Factory overhead-indirect materials | $6,100 | 6,100 | |||
Total | $116,800 | $167,600 | $374,800 | $6,100 | $665,300 |
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