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	$30,400
Polyester filling	9,100
Lumber	68,100
Glue	2,900

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

Fabric	$146,500
Polyester filling	203,600
Lumber	401,400
Glue	13,900

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$55,700		$70,200		$187,700				$313,600
Job 602	42,900		76,300		164,300				283,500
Job 603	39,500		51,800		91,300				182,600
Factory overhead-indirect materials							$7,200		7,200
Total	$138,100		$198,300		$443,300		$7,200		$786,900

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.	Materials
	Accounts Payable

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.	Work in Process
	Factory Overhead
	Materials

c. Determine the April 30 balances that would be shown in the materials ledger accounts.

	Fabric	Polyester Filling	Lumber	Glue
Balance, April 30	$	$	$	$

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