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 ........................... $36,500

Polyester filling ............. 25,700

Lumber .......................... 56,200

Glue .................................. 5,900

The materials purchased during June are summarized from the receiving reports as follows:

Fabric ............................. $396,000

Polyester filling ............... 162,000

Lumber ............................ 324,000

Glue .................................... 36,000

Materials were requisitioned to individual jobs as follows:

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 June.

b. Journalize the entry to record the requisition of materials in June.

c. Determine the June 30 balances that would be shown in the materials ledger accounts.

Transcribed Image Text:

Polyester Filling $ 68,000 32,000 Fabric Lumber Glue Total Job 601 $185,000 $108,000 $361,000 Job 602 99,000 79,000 210,000 Job 603 117,000 50,000 113,000 280,000 Factory overhead-indirect materials $31,300 31.300 Total $401,000 $150,000 $300,000 $31,300 S882.300