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Entries for Materials Kingsford Furnishings Company manufactures designer furniture, Kingsford Furnishings uses a job ord 1 from the materials ledger are as follows: Fabric $20,400
Entries for Materials Kingsford Furnishings Company manufactures designer furniture, Kingsford Furnishings uses a job ord 1 from the materials ledger are as follows: Fabric $20,400 Polyester filling 6,100 Lumber 45,700 Glue 2,000 The materials purchased during April on account are summarized from the receiving reports as follows Fabric $101,400 Polyester filling 140,900 Lumber 277,800 Glue 9,600 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total $216,700 Job 601 Job 602 Job 603 Factory overhead-indirect materials $38,500 29,600 27,300 $48,500 52,700 35,800 $129,700 113,600 63,100 195,900 126,200 $5,000 5,000 Job 601 $38,500 $48,500 $129,700 $216,700 Job 602 29,600 52,700 113,600 195,900 Job 603 27,300 35,800 63,100 126,200 Factory overhead-indirect $5,000 5,000 materials Total $95,400 $137,000 $306,400 $5,000 $543,800 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, b. Journalize the entry to record the requisition of materia April. If an amount box does not require an entry: c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Balance, April 30 C S 15 MacBook Air
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