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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

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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 are as follows: Fabric Polyester filling Lumber Glue $31,400 9,400 70,300 3,000 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $161,400 Polyestering 224,300 Lumber 442,200 Glue 15,300 Lumber Glue Total Materials were requisitioned to individual jobs as follows: Polyester Fabric Filling Job 601 $61,300 $77,200 Job 602 47,200 84,000 Job 603 43,500 57,000 Factory overhead-indirect materials $152,000 $218,200 Total $206,600 180,800 100,500 $345,100 312,000 201,000 $8,000 3,000 $487,900 $8,000 $866,100 The glue is not a significant cost, so it is treated as indirect materials (factory overhead) Net Show Me How Polyester Fabric Lumber Glue Total Filling Job 601 $61,300 $77,200 $206,600 $345,100 Job 602 47,200 84,000 180,800 312,000 Job 603 43,500 57,000 100,500 201,000 Factory overhead-Indirect materials $8,000 8,000 Total $152,000 $218,200 $487,900 $8,000 $866,100 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 Glue Balance, April 30 Lumber Check My Work 5 more Check My Work uses remaining

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