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.................................................................$58,300

Polyester filling..................................................30,000

Lumber...............................................................58,800

Glue.....................................................................9,950

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

Fabric..................................................................$820,000

Polyester filling...................................................315,000

Lumber...............................................................555,000

Glue.....................................................................80,000

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 April.

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

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

Transcribed Image Text:

Polyester Filling Lumber Glue Total Fabric $ 66,200 $ 374,700 Job 601 Job 602 Job 603 Factory overhead-indirect materials Total $190,000 $118,500 736,400 365,000 152,100 101,700 219,300 196,200 255,000 552,900 $83,600 83,600 $810,000 $320,000 $534,000 $83,600 $1,747,600