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:

Item	Amount
Fabric	$28,500
Polyester filling	8,600
Lumber	63,800
Glue	2,700

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

Item	Amount
Fabric	$138,200
Polyester filling	192,100
Lumber	378,700
Glue	13,100

Materials were requisitioned to individual jobs as follows:

	Fabric	Polyester Filling	Lumber	Glue	Total
Job 601	$52,500	$66,200	$176,900		$295,600
Job 602	40,400	71,900	154,900		267,200
Job 603	37,300	48,800	86,100		172,200
Factory overhead-indirect materials				$6,800	6,800
Total	$130,200	$186,900	$417,900	$6,800	$741,800

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

Question Content Area

a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.

Transaction	Account	Debit	Credit
a.	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

Question Content Area

b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank.

Transaction	Account	Debit	Credit
b.	Accounts PayableAccounts ReceivableCashMaterialsWork in Process	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFactory OverheadMaterials	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

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	fill in the blank 1 of 4$	fill in the blank 2 of 4$	fill in the blank 3 of 4$	fill in the blank 4 of 4$