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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials
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 Polyester filling Lumber Glue $25,100 7,500 56,200 2,400 The materials purchased during April on account are summanzed from the receiving reports as follows: Fabric Polyester filling Lumber Glue $121,500 168,900 332,900 11,500 Materials were requisitioned to individual jobs as follows: Job 601 Job 602 Job 603 Factory overhead-indirect materials Total Fabric $46,200 35,600 32,800 Polyester Filling $58,200 $155,700 63,300 136,300 43,000 75,800 Lumber Glue Total $260,100 235,200 151,600 $6,000 6,000 $114,600 $164,500 $367,800 $6,000 $652,900 The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
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