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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: Fabric $20,200 Polyester filling 6,100 Lumber 45,200 Glue 1,900 The materials purchased during June are summarized from the receiving reports as follows: Fabric $98,200 Polyester filling 136,500 Lumber 269,100 9,300 Glue Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $37,300 $47,000 $125,700 $210,000 189,800 Job 602 28,700 51,100 110,000 Job 603 26,500 34,700 61,200 122,400 Factory overhead-indirect materials $4,800 4,800 Total $92,500 $132,800 $296,900 $4,800 $527,000 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). 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. a. b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. b. c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, June 30 $
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