Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system, Balances on...

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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: $30,200 Fabric Polyester filling 9,100 Lumber 67,600 Glue 2,900 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $149,800 Polyester filling 208,200 Lumber 410,500 Glue 14,200 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $56,900 $71,700 $191,800 $320,400 Job 602 43,800 78,000 167,900 289,700 Job 603 40,400 $2,900 93,300 186,600 Factory overhead-indirect 7,400 materials $7,400 Factory overhead-indirect materials $7,400 7,400 Total $141,100 $202,600 $453,000 $7,400 $804,100 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. If an amount box does not require an entry, leave it blank. a. Feedback b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. b. E Feedback c. Determine the April 30 balances that would be shown in the materials ledger accounts. Lumber Glue Polyester Filling Fabric X Balance, April 30. 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: $30,200 Fabric Polyester filling 9,100 Lumber 67,600 Glue 2,900 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $149,800 Polyester filling 208,200 Lumber 410,500 Glue 14,200 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $56,900 $71,700 $191,800 $320,400 Job 602 43,800 78,000 167,900 289,700 Job 603 40,400 $2,900 93,300 186,600 Factory overhead-indirect 7,400 materials $7,400 Factory overhead-indirect materials $7,400 7,400 Total $141,100 $202,600 $453,000 $7,400 $804,100 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. If an amount box does not require an entry, leave it blank. a. Feedback b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. b. E Feedback c. Determine the April 30 balances that would be shown in the materials ledger accounts. Lumber Glue Polyester Filling Fabric X Balance, April 30.

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Requirement 1 Journalize the entry to record the purchase of materials in April a Materials 782700 A... View the full answer