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	$ 68,040
Polyester filling	19,070
Lumber	153,850
Glue	6,970

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

Fabric	$337,790
Polyester filling	472,170
Lumber	909,960
Glue	34,780

Materials were requisitioned to individual jobs as follows:

	Fabric	Polyester Filling	Lumber	Glue	Total
Job 601	$126,500	$157,000	$400,010		$ 683,510
Job 602	95,600	148,190	376,260		620,050
Job 603	90,620	117,370	213,870		421,860
Factory overheadindirect materials				$35,260	35,260
Total	$312,720	$422,560	$990,140	$35,260	$1,760,680

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.

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

	Fabric	Polyester Filling	Lumber	Glue
Balance, June 30	$