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	$26,400
Polyester filling	7,900
Lumber	59,100
Glue	2,500

The materials purchased during June are summarized from the receiving reports as follows:

Fabric	$131,700
Polyester filling	183,100
Lumber	360,900
Glue	12,500

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$48,700		$61,400		$164,100				$274,200
Job 602	37,500		66,700		143,700				247,900
Job 603	34,600		45,300		79,900				159,800
Factory overhead-indirect materials							$6,300		6,300
Total	$120,800		$173,400		$387,700		$6,300		$688,200

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.

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		fill in the blank 2055760c704a027_5	fill in the blank 2055760c704a027_6

b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank.

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		fill in the blank d5f5b70b5032069_5	fill in the blank d5f5b70b5032069_6
		fill in the blank d5f5b70b5032069_8	fill in the blank d5f5b70b5032069_9

c. Determine the June 30 balances that would be shown in the materials ledger accounts.

	Fabric	Polyester Filling	Lumber	Glue
Balance, June 30	$fill in the blank f84928f51fd9fba_1	$fill in the blank f84928f51fd9fba_2	$fill in the blank f84928f51fd9fba_3	$fill in the blank f84928f51fd9fba_4