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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 $22.400 Fabric Polyester filing Lumber 6,700 50,200 Gle 2200 The materials purchased during April on account are d from the receiving reports as follows Fabric Polyester filling $112.000 155,700 306,900 Lumber Glue 10600 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filing Lumber Glue Total $52,200 $41,400 31,900 29.400 $139,500 122,100 Job 601 Job 602 Job 603 Factory overhead indirect materials 56700 38.500 67.900 $223,100 210,700 135,800 5.400 $55,000 $5,400 $5,000 Total $102,700 $147,400 $329,500 The alue is not a sonificant cost so it is treated as indirect materials (factory overhead) The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Joumalize the entry to record the purchase of materials in April if an amount box does not require an entry leave it blank Materials Accounts Payable b. Journalize the entry ecord the requisition of materials in April. If an amount box does not require an entry leave it blank ES c. Determine the April 30 balances that would be shown in the materials ledger accounts. Polyester Filling Lumber Balance, April 30 Fabric Glue
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