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 $20,900 Polyester filling 6,300 Lumber 46,800 Glue 2,000 The materials purchased during April on account are summarized from the receiving reports as follows Fabric $100,300 Polyester filling 139,400 Lumber 274,800 Glue 9,500 Materials were requisitioned to individual jobs as follows Fabric Polyester Filling Lumber Glue Total Job 601 $38,100 $48,000 $128,400 $214,500 Job 602 29,300 52,200 112,400 193,900 Job 603 27,100 35,400 62,500 125,000 Factory overhead indirect materials $5,000 5,000 Total $94,500 $135,600 $303,300 $5,000 $538,400 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 Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessMaterials Materials Materials Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessAccounts Payable Accounts Payable Accounts Payable Feedback Area Feedback a Increase materials inventory and a liability for the total of purchases 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 Accounts PayableAccounts ReceivableCashFinished GoodsMaterialsWork in ProcessWork in Process Work in Process Work in Process Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsMaterialsFactory Overhead Factory Overhead Factory Overhead Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessMaterials Materials Materials Feedback Area Feedback b Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials 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 4834b8ff607e007 1 $fill in the blank 4834b8ff607e007 2 $fill in the blank 4834b8ff607e007 3 $fill in the blank 4834b8ff607e007 4

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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 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	$20,900
Polyester filling	6,300
Lumber	46,800
Glue	2,000

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

Fabric	$100,300
Polyester filling	139,400
Lumber	274,800
Glue	9,500

Materials were requisitioned to individual jobs as follows:

	Fabric	Polyester Filling	Lumber	Glue	Total
Job 601	$38,100		$48,000		$128,400		$214,500
Job 602	29,300		52,200		112,400		193,900
Job 603	27,100		35,400		62,500		125,000
Factory overhead-indirect materials						$5,000		5,000
Total	$94,500		$135,600		$303,300	$5,000		$538,400

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.	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessMaterials	Materials	Materials
	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessAccounts Payable	Accounts Payable	Accounts Payable

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Feedback

a. Increase materials inventory and a liability for the total of purchases.

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.	Accounts PayableAccounts ReceivableCashFinished GoodsMaterialsWork in ProcessWork in Process	Work in Process	Work in Process
	Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsMaterialsFactory Overhead	Factory Overhead	Factory Overhead
	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessMaterials	Materials	Materials

Feedback Area

Feedback

b. Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials.

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 4834b8ff607e007_1	$fill in the blank 4834b8ff607e007_2	$fill in the blank 4834b8ff607e007_3	$fill in the blank 4834b8ff607e007_4