Amounts for Materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost
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Amounts for Materials
Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials ledger are as follows:
| Fabric | $22,800 |
| Polyester filling | 6,800 |
| Lumber | 51,100 |
| Glue | 2,200 |
The materials purchased during June are summarized from the receiving reports as follows:
| Fabric | $117,000 |
| Polyester filling | 162,600 |
| Lumber | 320,600 |
| Glue | 11,100 |
Materials were requisitioned to individual jobs as follows:
| Fabric | Polyester Filling | Lumber | Glue | Total | ||||||
| Job 101 | $42,100 | $53,000 | $141,900 | $237,000 | ||||||
| Job 102 | 32,400 | 57,700 | 124,200 | 214,300 | ||||||
| Job 103 | 29,900 | 39,200 | 69,000 | 138,100 | ||||||
| Factory overhead-indirect materials | $5,500 | 5,500 | ||||||||
| Total | $104,400 | $149,900 | $335,100 | $5,500 | $594,900 | |||||
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
a. Determine the total purchase of materials in June.
$
b. Determine the amounts of materials transferred to Work in Process and Factory Overhead for the requisition of materials in June.
| Materials transferred to Work in Process | $ |
| Materials transferred to Factory Overhead | $ |
c. Determine the June 30 balances that would be shown in the materials ledger accounts.
| Balance, June 30 | |
| Fabric | $ |
| Polyester Filling | $ |
| Lumber | $ |
| Glue | $ |
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