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	$ 67,960
Polyester filling	19,890
Lumber	148,560
Glue	6,070

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

Fabric	$337,790
Polyester filling	469,000
Lumber	907,830
Glue	31,910

Materials were requisitioned to individual jobs as follows:

	Fabric	Polyester Filling	Lumber	Glue	Total
Job 601	$127,540	$159,980	$398,310		$ 685,830
Job 602	95,220	149,080	370,910		615,210
Job 603	92,430	118,690	212,030		423,150
Factory overheadindirect materials				$33,440	33,440
Total	$315,190	$427,750	$981,250	$33,440	$1,757,630

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

Required:

A.

Journalize the June 1 entry to record the purchase of materials in June.*

B.

Journalize the June 3 entry to record the requisition of materials in June.*

C.

Determine the June 30 balances that would be shown in the materials ledger accounts.

*Refer to the Chart of Accounts for exact wording of account titles.

A. Journalize the June 1 entry to record the purchase of materials in June.* B. Journalize the June 3 entry to record the requisition of materials in June.* Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 ACCOUNTING EQUATION JOURNAL POST. REF CREDIT DATE DESCRIPTION DEBIT ASSETS LIABILITIES EQUITY 1 2 3 4 5 C. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Glue Polyester Filling Lumber Balance, June 30 $ $ $