Question
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
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 $22,200 Polyester filling 6,700 Lumber 49,700 Glue 2,100 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $113,200 Polyester filling 157,300 Lumber 310,200 Glue 10,800 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $43,000 $54,200 $144,900 $242,100 Job 602 33,100 58,900 126,900 218,900 Job 603 30,500 40,000 70,500 141,000 Factory overhead-indirect materials $5,600 5,600 Total $106,600 $153,100 $342,300 $5,600 $607,600 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. a. - Select - - Select - - 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. b. - Select - - Select - - Select - - Select - - 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
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