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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 indger
Entries for Materials Kingsford Furnishings Company manufactures designer furniture, Kingsford Furnishings uses a job order cost system, Balances on April 1 from the materials indger are as follows: Fabric $28,800 Polyester filling 8,600 Lumber 64,500 Glue 2,800 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $139,700 Polyester filling 194,200 Lumber 382,800 Glue 13,300 Materials were requisitioned to individual sobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $50,300 563.400 $169,500 $283,200 Job 502 38,700 68,900 148.400 256,000 Job 603 35,700 16,800 82,500 165,000 Factory overhead-indirect $6,500 6,500 materials Total $124,700 $179,100 $400,400 $6,500 $710,700 The gue is not a significant cost, so is treated as indirect materials (factory overhead) Fabric Polyester Filling Lumber Glue Total Job 601 $50,300 $63,400 $169,500 $283,200 Job 602 38,700 68,900 148,400 256,000 Job 603 -35,700 46,800 82,500 165,000 Factory overhead-indirect materials $6,500 6,500 Total $124,700 $179,100 $400,400 $6,500 $710,700 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 Lumber Glue Balance, April 30
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