Transcribed Image Text: -My Home * CengageNOwv2 | Online teach x b Kingsford Furnishings Compan x n/ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress-false Maps еВook Show Me How Print Item Entries for Materials Kingsford Furnishings Company

Transcribed Image Text: -My Home
* CengageNOwv2 | Online teach x
b Kingsford Furnishings Compan x
n/ilrn/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress-false
Maps
еВook
Show Me How
Print Item
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
$26,200
Polyester filling
7,900
Lumber
58,700
Glue
2,500
The materials purchased during April on account are summarized from the receiving reports as follows:
Fabric
$130,200
Polyester filling
181,000
Lumber
356,700
Glue
12,400
Materials were requisitioned to individual jobs as follows:
Polyester
Fabric
Lumber
Glue
Total
Filling
Job 601
$49,500
$62,400
$166,800
$278,700
Job 602
38,100
67,800
146,000
251,900
Job 603
35,100
46,000
81,200
162,300
Factory overhead-indirect
materials
$6,400
6,400
Total
$122,700
$176,200
$394,000
$6,400
$699,300
The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Transcribed Image Text: -My Home
* CengageNowv2 | Online teach x
b Kingsford Furnishings Compan x
/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
laps
еВook
Show Me How
E Print Item
Polyester
Fabric
Lumber
Glue
Total
Filling
Job 601
$49,500
$62,400
$166,800
$278,700
Job 602
38,100
67,800
146,000
251,900
Job 603
35,100
46,000
81,200
162,300
Factory overhead-indirect
materials
$6,400
6,400
Total
$122,700
$176,200
$394,000 $6,400 $699,300
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.
Fabric
Polyester Filling
Lumber
Glue
Balance, April 30

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