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	$21,400
Polyester filling	6,400
Lumber	47,900
Glue	2,100

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

Fabric	$104,600
Polyester filling	145,400
Lumber	286,600
Glue	9,900

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$37,700		$47,500		$127,000				$212,200
Job 602	29,000		51,600		111,200				191,800
Job 603	26,800		35,100		61,800				123,700
Factory overhead-indirect materials							$4,900		4,900
Total	$93,500		$134,200		$300,000		$4,900		$532,600

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.	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

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.	Accounts PayableAccounts ReceivableCashMaterialsWork in Process	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFactory OverheadMaterials	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

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 9739aff8bfda074_1	$fill in the blank 9739aff8bfda074_2	$fill in the blank 9739aff8bfda074_3	$fill in the blank 9739aff8bfda074_4