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need A, B, C please Entries for Materials GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1
need A, B, C please Entries for Materials 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 $28,100 Polyester filling 8,400 Lumber 62,900 Glue 2,700 The materials purchased during June are summarized from the receiving reports as follows: Fabric $137,700 Polyester filing 191,400 Lumber 377,300 Glue 13.100 Materials were requisitioned to individual jobs as follows: Polyester Filling Fabric Lumber Glue Total Job 601 564,100 $171,500 $286,500 Job GO2 $50,900 39,200 36,100 150,200 259,100 69,700 47,300 Job 603 83,500 166,900 Factory overhead-indirect materials $6,600 6,600 Total $126,200 $181,100 $405,200 $6,600 $719,100 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 June. a Materials Accounts Payabile hloumalize the attend the lion materiale in luna mutaxasis an anthan Fabric $137,700 Polyester filling 191,400 Lumber 377,300 Glue 13,100 Materials were requisitioned to individual jobs as follows: Polyester Fabric Filling Lumber Glue Total Job 601 $50,900 $64,100 $171,500 $286,500 Job 602 39,200 69,700 150,200 259,100 Job 603 36,100 47,300 83,500 6,900 Factory overhead-indirect materials $6,600 6,600 Total $126,200 $181,100 $405,200 $6,600 $719,100 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 June. a Materials Accounts Payable b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. b. Work in Process Factory Overhead Materials c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, June 30 Check My Work 3 more Check My Work uses remaining
need A, B, C please
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