Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount $88,740 26,580 3,710 2,260 37,840 ournalize the entry to record the issuance of materials 201 202 203 204 205 Aluminum 500 Plastic Rubber Glue Steel 503 504 Indirect 510 For a compound transaction, if an amount box does not require an entry, leave it blank. Accounts Payable Cash Factory Overhead Finished Goods Materials Work in Process Entry for Factory Labor Costs A summary of the time tickets for the current month follows ob No 100 101 104 108 Indirect Amount $1,700 1,410 2,580 2,980 9,060 1,820 1,190 8,080 115 ournalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Accounts Payable Cash Factory Overhead Finished Goods Wages Payable Work in Process Entries for Materials GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows Fabric Polyester filling Lumber Glue The materials purchased during June are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue Materials were requisitioned to individual jobs as follows $32,000 9,600 71,700 3,100 $161,000 223,800 441,100 15,300 Polyester Filling Fabric Lumber Glue Total ob 601 Job 602 Job 603 Factory overhead-indirect materials Total The glue is not a significant cost, so it is treated as indirect materials (factory overhead) $58,000 44,700 41,200 $326,600 295,300 190,200 7,500 $206,500 $41,700 $7,500 $819,600 $73,100 $195,500 79,500 171,100 95,100 53,900 $7,500 $143,900 a. Journalize the entry to record the purchase of materials in June. Accounts Payable Cash Factory Overhead b. Jo to record the requisition of materials in June. If an amount box does not require an entry, leave it blank. b. Finished Goods Materials c. De Work in Process0 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Glue Balance, June 30