Entries for Materials

Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing Balances on April 1 from the materials ledger are as follows:

Fabric	$58,300
Polyester filling	30,000
Lumber	58,800
Glue	9,950

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

Item	Amount
Fabric	$820,000
Polyester filling	315,000
Lumber	555,000
Glue	80,000

Materials were requisitioned to individual jobs as follows:

	Fabric	Polyester Filling	Lumber	Glue	Total
Job 601	$190,000	$66,200	$118,500		$374,700
Job 602	365,000	152,100	219,300		736,400
Job 603	255,000	101,700	196,200		552,900
Factory overhead-indirect materials				$83,600	83,600
Total	$810,000	$320,000	$534,000	$83,600	$1,747,600

The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

Question Content Area:

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

	Fabric	Polyester Filling	Lumber	Glue
Balance, April 30