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	$36,500
Polyester filling	25,700
Lumber	56,200
Glue	5,900

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

Fabric	$396,000
Polyester filling	162,000
Lumber	324,000
Glue	36,000

Materials were requisitioned to individual jobs as follows:

	Fabric		Polyester Filling		Lumber		Glue		Total
Job 601	$185,000		$68,000		$108,000				$361,000
Job 602	99,000		32,000		79,000				210,000
Job 603	117,000		50,000		113,000				280,000
Factory overhead-indirect materials							$31,300		31,300
Total	$401,000		$150,000		$300,000		$31,300		$882,300

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 2b2946fa7051fa8_5	fill in the blank 2b2946fa7051fa8_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.

b.		fill in the blank 26ca46fe3074fdc_2	fill in the blank 26ca46fe3074fdc_3
		fill in the blank 26ca46fe3074fdc_5	fill in the blank 26ca46fe3074fdc_6
		fill in the blank 26ca46fe3074fdc_8	fill in the blank 26ca46fe3074fdc_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 3b5284054faafb9_1	$fill in the blank 3b5284054faafb9_2	$fill in the blank 3b5284054faafb9_3	$fill in the blank 3b5284054faafb9_4