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	$21,500
Polyester filling	6,500
Lumber	48,200
Glue	2,100

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

Fabric	$106,600
Polyester filling	148,200
Lumber	292,100
Glue	10,100

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$38,400		$48,400		$129,400				$216,200
Job 602	29,600		52,600		113,300				195,500
Job 603	27,300		35,700		63,000				126,000
Factory overhead-indirect materials							$5,000		5,000
Total	$95,300		$136,700		$305,700		$5,000		$542,700

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

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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.	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessMaterials	Materials	Materials
	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessAccounts Payable	Accounts Payable	Accounts Payable

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a. Increase materials inventory and a liability for the total of purchases.

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.

b.	Accounts PayableAccounts ReceivableCashFinished GoodsMaterialsWork in ProcessWork in Process	Work in Process	Work in Process
	Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsMaterialsFactory Overhead	Factory Overhead	Factory Overhead
	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in ProcessMaterials	Materials	Materials

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b. Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials.

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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 2b28e0fd2fcf035_1	$fill in the blank 2b28e0fd2fcf035_2