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	$30,200
Polyester filling	9,100
Lumber	67,600
Glue	2,900

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

Fabric	$149,200
Polyester filling	207,400
Lumber	408,800
Glue	14,200

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$55,200		$69,600		$186,000				$310,800
Job 602	42,500		75,600		162,800				280,900
Job 603	39,200		51,300		90,500				181,000
Factory overhead-indirect materials							$7,200		7,200
Total	$136,900		$196,500		$439,300		$7,200		$779,900

The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

Question Content Area

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 -

Question Content Area

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 -

Question Content Area

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 e978360cd01fffe_1	$fill in the blank e978360cd01fffe_2	$fill in the blank e978360cd01fffe_3	$fill in the blank e978360cd01fffe_4