Question
Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows:
Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric Polyester filling Lumber Glue $23,200 7,000 52,000 2,200 The materials purchased during June are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue $118,100 164,200 323,600 11,200 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $43,700 $55,100 $147,300 $246,100 Job 602 33,600 59,900 128,900 222,400 Job 603 31,000 40,600 71,700 143,300 Factory overhead-indirect materials $5,700 5,700 Total $108,300 $155,600 $347,900 $5,700 $617,500 a. Journalize the entry to record the purchase of materials in June. If an amount box does not require an entry, leave it blank. a. Materials Accounts Payable Feedback Check My Work 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 Feedback Check My Work c. Determine the June 30 balances that would be shown in the materials ledger accounts. Fabric Balance, June 30 Polyester Filling Lumber Glue
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