Instructions GerX Furnishings manufactures designer furniture GenX Furnishings uses a job order cost system Balances on June 1 from the materials ledger are as follows: Fabric 567,950 19,890 Polyester filling Lumber 148,560 6,070 Glue The materials purchased during June are summarized from the receiving reports as follows Fabric Polyester filling Lumber $337 790 489.000 907 830 Glue 31 910 Materials were requisitioned to individual jobs as follows Fabric Polyester Filling Lumber Glue Total Job 601 $127540 $159,980 $398, 310 $ 685,830 Job 602 95,220 149,080 370,910 615, 210 92,430 Job 603 118,690 212,030 423,150 Factory overhead-indirect materials $33,440 33,440 Total $315,190 $427750 $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 CHART OF ACCOUNTS GenX Furnishings General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue D. 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process EXPENSES 510 Cost of Goods Sold 520 Wages Expense ME 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation Factory 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense Factory 590 Miscellaneous Expense 710 Interest Expense . LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary c Determine the June 30 balances that would be shown in the materials ledger accounts Fabric Polyester Filling Lumber Glue Balance, June 30 S S $