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	$20,000
Polyester filling	6,000
Lumber	44,800
Glue	1,900

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

Fabric	$100,800
Polyester filling	140,100
Lumber	276,200
Glue	9,600

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$36,300		$45,700		$122,300				$204,300
Job 602	28,000		49,700		107,100				184,800
Job 603	25,800		33,800		59,500				119,100
Factory overhead-indirect materials							$4,700		4,700
Total	$90,100		$129,200		$288,900		$4,700		$512,900

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 Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Process	- Select -	- Select -

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 -

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 8b465b003fd7fa8_1	$fill in the blank 8b465b003fd7fa8_2	$fill in the blank 8b465b003fd7fa8_3	$fill in the blank 8b465b003fd7fa8_4