Question
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 $18,000 5,400 40,300 1,700 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue $89,300 124,100 244,700 8,500 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $33,000 $41,600 $111,200 Job 602 25,400 45,200 97,400 $185,800 168,000 Job 603 23,400 30,700 54,100 108,200 Factory overhead-indirect $4,300 4,300 materials Total $81,800 $117,500 $262,700 $4,300 $466,300 The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
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