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 $31,400 Polyester filling 9,400 Lumber 70,300 Glue 3,000 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $161,100 223,900 Polyester filling Lumber 441,400 Glue 15,300 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $61,200 $77,100 $206,200 $344,500 Job 602 47,100 83,800 180,500 311,400 200,800 43,500 56,900 100,400 Job 603 Factory overhead-indirect materials $8,000 8,000 Previous Next > o TH 9:3 11/2 Job 603 43,500 56,900 100,400 200,800 Factory overhead-indirect materials $8,000 8,000 Total $151,800 $217,800 $487,100 $8,000 $864,700 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. 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. C. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30 Previous Next