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GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows:
GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric Polyester filling Lumber Glue $20,300 6,100 45,500 1,900 The materials purchased during June are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue $101,100 140,500 277,000 9,600 Materials were requisitioned to individual jobs as follows: Polyester Fabric Filling Lumber Glue Total Job 601 $36,400 $45,900 $122,700 $205,000 Job 602 28,000 49,900 107,400 185,300 Job 603 25,800 33,900 59,700 119,400 Factory overhead-indirect materials $4,700 4,700 Total $90,200 $129,700 $289,800 $4,700 $514,400 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. a. 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.
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