EX 16-5 Entries for materials Obj. 2 C. fabric, $35,500 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: $40,500 28,600 62,400 Fabric Polyester filling SHOW ME HOW Lumber Glue 6,550 The materials purchased during June are summarized from the receiving reports as follows: Fabric $440,000 180,000 Polyester filling Lumber Glue 360,000 40,000 Materials were requisitioned to individual jobs as follows: Polyester Filling $ 75,000 36,000 55,000 Fabric Lumber Glue Total $400,000 Job 601 $205,000 $120,000 88,000 125,000 Job 602 Job 603 Factory overhead-indirect materials Total 110,000 234,000 310,000 130,000 $34,800 34.800 $978,800 $333,000 $445,000 $166,000 $34,800 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. Detemine the June 30 balances that would be shown in the materials ledger accounts EX 16-6 Frntry for