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Entries for Materials Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are
Entries for Materials Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: The materials purchased during June are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: 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 June. If an amount box does not require an entry, leave it blank. Feedback Check My Work a. Increase materials inventory and a liability for the total of purchases. 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 June. If an amount box does not require an entry, leave it blank. Feedback T Check My Work a. Increase materials inventory and a liability for the total of purchases. b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. 1 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 June 30 balances that would be shown in the materials ledger accounts. Feedback Check My Work c. Start with the beginning balance and add the purchases and subtract the requisitions. Entries for Materials Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: The materials purchased during June are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: 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 June. If an amount box does not require an entry, leave it blank. Feedback Check My Work a. Increase materials inventory and a liability for the total of purchases. 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 June. If an amount box does not require an entry, leave it blank. Feedback T Check My Work a. Increase materials inventory and a liability for the total of purchases. b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. 1 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 June 30 balances that would be shown in the materials ledger accounts. Feedback Check My Work c. Start with the beginning balance and add the purchases and subtract the requisitions
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