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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
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 $29,800 Polyester filling 8,900 Lumber 66,800 Glue 2,900 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $149,900 Polyester filling 208,400 Lumber 410,700 Glue 14,200 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $57,000 $71,800 $192,100 $320,900 Job 602 43,900 78,100 168,200 290,200 Job 603 40,500 53,000 93,500 187,000 Factory overhead-indirect $7,400 7,400 materials Total $141,400 $202,900 $453,800 $7,400 $805,500 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. Materials a Accounts Payable b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. Work in Process b. Factory Overhead Materials Feedback Check My Work b. Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials. C. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30 Feedback
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