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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
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 Polyester filling Lumber Glue $18,200 5,500 40,800 1,700 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue $93,700 130,200 256,700 8,900 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $34,700 $43,700 $116,900 $195,300 Job 602 26,700 47,500 102,400 176,600 Job 603 24,600 32,300 56,900 113,800 Factory overhead-indirect materials $4,500 4,500 Total $86,000 $123,500 $276,200 $4,500 $490,200 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. Balance, April 30 Fabric Polyester Filling Lumber Glue
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