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Please be very clear with your answer. please put a box around each section,Thank you! Entries for Materials Kingsford Furnishings Company manufactures designer furniture, Kingsford
Please be very clear with your answer. please put a box around each section,Thank you!
Entries for Materials 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 $20,000 Polyester filling 6,000 Lumber 44,800 Glue 1,900 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $103,000 Polyester filling 143,200 Lumber 282,200 Glue 9,800 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $38,100 $48,000 $128,400 $214,500 Job 602 29,300 52,200 112,400 193,900 Job 603 27,100 35,400 62,500 125,000 Factory overhead- indirect materials $5,000 5,000 Total $94,500 $135,600 $303,300 $5,000 $538,400 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 c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30
Please be very clear with your answer. please put a box around each section,Thank you!
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