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 $29,700 Polyester filling 8,900 Lumber 66,500 Glue 2,900 The materials purchased during April on account are summarized from the receiving reports as follows Fabric $142,900 Polyester filling 198,600 Lumber 391,500 Glue 13,600 Materials were requisitioned to individual jobs as follows Fabric Polyester Filling Lumber Glue Total Job 601 $54,300 $68,400 $183,000 $305,700 Job 602 41,800 74,400 160,200 276,400 Job 603 38,600 50,500 89,100 178,200 Factory overhead indirect materials $7,100 7,100 Total $134,700 $193,300 $432,300 $7,100 $767,400 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, leave it blank a Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessMaterials Materials Materials Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessAccounts Payable Accounts Payable Accounts Payable Feedback a Increase materials inventory and a liability for the total of purchases 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 b Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials 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 9ec562f9b016006 1 $fill in the blank 9ec562f9b016006 2 $fill in the blank 9ec562f9b016006 3 $fill in the blank 9ec562f9b016006 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	$29,700
Polyester filling	8,900
Lumber	66,500
Glue	2,900

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

Fabric	$142,900
Polyester filling	198,600
Lumber	391,500
Glue	13,600

Materials were requisitioned to individual jobs as follows:

	Fabric	Polyester Filling	Lumber	Glue	Total
Job 601	$54,300	$68,400	$183,000		$305,700
Job 602	41,800	74,400	160,200		276,400
Job 603	38,600	50,500	89,100		178,200
Factory overhead-indirect materials				$7,100	7,100
Total	$134,700	$193,300	$432,300	$7,100	$767,400

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, leave it blank.

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

Feedback

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

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

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

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 9ec562f9b016006_1	$fill in the blank 9ec562f9b016006_2	$fill in the blank 9ec562f9b016006_3	$fill in the blank 9ec562f9b016006_4