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

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

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).

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.		fill in the blank 80d5aeff4038016_2	fill in the blank 80d5aeff4038016_3
		fill in the blank 80d5aeff4038016_5	fill in the blank 80d5aeff4038016_6

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.		fill in the blank 84dd6e0c405a068_2	fill in the blank 84dd6e0c405a068_3
		fill in the blank 84dd6e0c405a068_5	fill in the blank 84dd6e0c405a068_6
		fill in the blank 84dd6e0c405a068_8	fill in the blank 84dd6e0c405a068_9

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

	Fabric	Polyester Filling	Lumber	Glue
Balance, April 30	$fill in the blank 42ba83ffb07d060_1	$fill in the blank 42ba83ffb07d060_2	$fill in the blank 42ba83ffb07d060_3	$fill in the blank 42ba83ffb07d060_4