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	$25,100
Polyester filling	7,500
Lumber	56,200
Glue	2,400

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

Fabric	$122,200
Polyester filling	169,900
Lumber	334,800
Glue	11,600

Materials were requisitioned to individual jobs as follows:

	Fabric	Polyester Filling	Lumber	Glue	Total
Job 601	$46,400		$58,500		$156,400			$261,300
Job 602	35,700		63,600		136,900			236,200
Job 603	32,900		43,200		76,100			152,200
Factory overhead-indirect materials							$6,000		6,000
Total	$115,000		$165,300		$369,400		$6,000		$655,700

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 Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork 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.

b.	Accounts PayableAccounts ReceivableCashFinished GoodsMaterialsWork in Process	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsMaterials	- Select -	- Select -
	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork 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 61de6ef34f84020_1	$fill in the blank 61de6ef34f84020_2	$fill in the blank 61de6ef34f84020_3	$fill in the blank 61de6ef34f84020_4