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gageNOWv2 | Online teach x + takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress-false eBook Entries for Materials Kingsford follows: Fabric Furnishings Company manufactures designer furniture. Kegsford Furnishings uses a
gageNOWv2 | Online teach x + takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress-false eBook Entries for Materials Kingsford follows: Fabric Furnishings Company manufactures designer furniture. Kegsford Furnishings uses a job order com Polyester filing Lumber Glue $58,300 30,000 58,800 9,950 The materials purchased during April on account are summarized from the receiving reports as follows Fabric Polyester filling Lumber Que $820,000 315,000 555,000 80,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $190,000 $66,200 $118,500 $374,700 Job 603 365,000 152.100 215,300 736,400 Job 603 255,000 101,700 196.200 $52,900 Factory overhead-indirect $83,600 3.600 materials $810,000 $320,000 $534,000 $83,600 $1,747,600 The glue is not a significant cost, so it is treated as indirect materials (factory ov Check My Work 3 # g0n E All work saved MacBook Air % A 6 85 54 44 FT &7 R T Y U -11 88 ts Co... Polyester Fabric Lumber Glue Job 601 $190,000 Filling $66,200 $110,500 Total $374,700 Job 602 365,000 152,100 219,300 736,400 Job 603 255,000 101,700 196,200 552,900 Factory overhead-indirect $83,600 materials 83,600 Total $810,000 $320,000 8534,000 $3,600 $1,747,600 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 April. If an amount box does not require an entry, leave it blank 88 b. Joumale the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank c. Determine the April 30 balances that would be shown in the materials ledger accounts Balance, April 30 Check My Work Fabric Polyester Filling Lumber Glue Previous 69
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