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How are purchases and requisitions of materials found? Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April

How are purchases and requisitions of materials found?

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Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $30,400 Polyester filling 9,100 Lumber 68,100 Glue 2,900 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $156,900 Polyester filling 218,100 Lumber 429,900 Glue 14,900 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $56,500 $71,200 $190,400 $318,100 Job 602 43,500 77,400 166,700 287,600 Job 603 40, 100 52,500 92,700 185,300 Factory overhead-indirect $7,300 7,300 materials Total $140,100 $201,100 $449,800 $7,300 $798,300 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 April. If an amount box does not require an entry, leave it blank. a b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. b.c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Quasar Filling Lumbar Glue Balance, April 30 $ $ $ $

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