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

The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

Question Content Area

a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.

Transaction	Account	Debit	Credit
a.	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

Question Content Area

b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank.

Transaction	Account	Debit	Credit
b.	Accounts PayableAccounts ReceivableCashMaterialsWork in Process	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFactory OverheadMaterials	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

Question Content Area

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

	Fabric	Polyester Filling	Lumber	Glue
Balance, April 30	fill in the blank 1 of 4$	fill in the blank 2 of 4$	fill in the blank 3 of 4$	fill in the blank 4 of 4$