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Rustic Ramblings Future Company manufactures rumiture. Rustic Ramblings uses a job order cost system. Balances on August 1 from the materials ledger areas follows: Fabric

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Rustic Ramblings Future Company manufactures rumiture. Rustic Ramblings uses a job order cost system. Balances on August 1 from the materials ledger areas follows: Fabric $23,900 Polyester filling 7,200 Lumber 53,500 Glue 2,300 The materials purchased during August are summarized from the receiving reports as follows Fabric $116,400 Polyestering 161,800 Lumber 315,900 Glue 11.100 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 205 $43,100 $54,300 $145,200 $242,500 Job 200 33,200 59,000 127,100 219,300 Job 207 30.600 40,100 70,700 141,400 Factory overead-indirect materials $5,600 5,600 Total $100,900 5:53,400 5343,000 $5,600 3505.900 The glue is not a significant cost, so is treated as indirect materials factory overhead). a. Determine the total purchase of materials in August b. Determine the amounts of materials transferred to Work in Process and Factory Overhead during August. Materials transferred to Work in Process Materials transferred to Factory Overhead c. Determine the August 31 balances that would be shown in the materials ledger accounts. Balance, August 31 Fabric Polyester Filling Lumber Glue Check My Work 1 more Check My Work uses remaning. Assignment Score: 14.89% All work saved, Email Inst Rustic Ramblings Future Company manufactures rumiture. Rustic Ramblings uses a job order cost system. Balances on August 1 from the materials ledger areas follows: Fabric $23,900 Polyester filling 7,200 Lumber 53,500 Glue 2,300 The materials purchased during August are summarized from the receiving reports as follows Fabric $116,400 Polyestering 161,800 Lumber 315,900 Glue 11.100 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 205 $43,100 $54,300 $145,200 $242,500 Job 200 33,200 59,000 127,100 219,300 Job 207 30.600 40,100 70,700 141,400 Factory overead-indirect materials $5,600 5,600 Total $100,900 5:53,400 5343,000 $5,600 3505.900 The glue is not a significant cost, so is treated as indirect materials factory overhead). a. Determine the total purchase of materials in August b. Determine the amounts of materials transferred to Work in Process and Factory Overhead during August. Materials transferred to Work in Process Materials transferred to Factory Overhead c. Determine the August 31 balances that would be shown in the materials ledger accounts. Balance, August 31 Fabric Polyester Filling Lumber Glue Check My Work 1 more Check My Work uses remaning. Assignment Score: 14.89% All work saved, Email Inst

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