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Tom Entries for Materials Kingsford Furnishings Company manufactures designer forniture Kingsford Furnishings uses a job order ontsystem. Balance on April 1 from the materialladores Fabric
Tom Entries for Materials Kingsford Furnishings Company manufactures designer forniture Kingsford Furnishings uses a job order ontsystem. Balance on April 1 from the materialladores Fabric $24,100 Polyester filling 7.200 Lumber 39.000 Glum 2.300 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $115,000 Polyester filing 161.100 Lumber 317,600 Gue 11.000 Hata were lucioned to individual fois fois Polyester Fabric Lumber Glue Total Filling 300 501 0.000 354.100 1144.000 1241,600 Bob 02 33 000 55100 120.000 310,400 300 503 30.500 39.000 7000 140,000 Factory overheid 55.600 560 5106,400 3152.000 Total 341.000 15600 5606.450 Fabric Filling Lumber Glue Total Job 601 $54,100 Job 602 $42,900 33,000 30,500 58,800 $144,600 126,600 70,400 $241,600 218,400 39,900 Job 603 Factory overhead-indirect materials 140,800 $5,600 5,600 Total $106,400 $152,800 $341,600 $5,600 $606,400 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. Materials Accounts Payable 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 Eabric Polyester Elling Lumber Glue Balance, April 30
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