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	$21,900
Polyester filling	6,600
Lumber	49,100
Glue	2,100

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

Fabric	$109,900
Polyester filling	152,800
Lumber	301,100
Glue	10,400

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$40,700		$51,300		$137,200				$229,200
Job 602	31,300		55,800		120,100				207,200
Job 603	28,900		37,900		66,700				133,500
Factory overhead-indirect materials							$5,300		5,300
Total	$100,900		$145,000		$324,000		$5,300		$575,200

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	fill in the blank a5bac1fc3052027_2	fill in the blank a5bac1fc3052027_3
	Accounts Payable	fill in the blank a5bac1fc3052027_5	fill in the blank a5bac1fc3052027_6

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	fill in the blank 131ba3f2c06a067_2	fill in the blank 131ba3f2c06a067_3
	Factory Overhead	fill in the blank 131ba3f2c06a067_5	fill in the blank 131ba3f2c06a067_6
	Materials	fill in the blank 131ba3f2c06a067_8	fill in the blank 131ba3f2c06a067_9

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 54e59207803c05c_1	$fill in the blank 54e59207803c05c_2	$fill in the blank 54e59207803c05c_3	$fill in the blank 54e59207803c05c_4