еВook Show Me How Print Item Fabric Polyester Filling Lumber Glue Total Job 601 $49,500 $62,400 $166,800 $278,700 Job 602 38,100 67,800 146,000 251,900 Job 603 35,100 46,000 81,200 162,300 Factory overhead-indirect materials $6,400 6,400 Total $122,700 $176,200 $394,000 $6,400 $699,300 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. 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. c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Print Item
Polyester
Filling
Fabric
Lumber
Glue
Total
Job 601
$49,500
$62,400
$166,800
$278,700
Job 602
38,100
67,800
146,000
251,900
Job 603
35,100
46,000
81,200
162,300
Factory overhead-indirect
materials
$6,400
6,400
Total
$122,700
$176,200
$394,000
$6,400 $699,300
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.
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.
c. Determine the April 30 balances that would be shown in the materials ledger accounts.
Fabric
Polyester Filling
Lumber
Glue
Balance, April 30
%$4
Transcribed Image Text:еВook Show Me How Print Item Polyester Filling Fabric Lumber Glue Total Job 601 $49,500 $62,400 $166,800 $278,700 Job 602 38,100 67,800 146,000 251,900 Job 603 35,100 46,000 81,200 162,300 Factory overhead-indirect materials $6,400 6,400 Total $122,700 $176,200 $394,000 $6,400 $699,300 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. 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. c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue Balance, April 30 %$4
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Print Item
Entries for Materials
Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materlals ledger are as
follows:
Fabric
$26,200
Polyester filling
7,900
Lumber
58,700
Glue
2,500
The materials purchased during April on account are summarized from the receiving reports as follows:
Fabric
$130,200
Polyester filling
181,000
Lumber
356,700
Glue
12,400
Materials were requisitioned to individual jobs as follows:
Polyester
Fabric
Lumber
Glue
Total
Filling
Job 601
$49,500
$62,400
$166,800
$278,700
Job 602
38,100
67,800
146,000
251,900
Job 603
35,100
46,000
81,200
162,300
Factory overhead-indirect
$6,400
6,400
materials
$122,700
$176,200
$394,000 $6,400
$699,300
Total
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
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Transcribed Image Text:engageNOWv2 |I Online teach x n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false O eBook Show Me How Print Item Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materlals ledger are as follows: Fabric $26,200 Polyester filling 7,900 Lumber 58,700 Glue 2,500 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $130,200 Polyester filling 181,000 Lumber 356,700 Glue 12,400 Materials were requisitioned to individual jobs as follows: Polyester Fabric Lumber Glue Total Filling Job 601 $49,500 $62,400 $166,800 $278,700 Job 602 38,100 67,800 146,000 251,900 Job 603 35,100 46,000 81,200 162,300 Factory overhead-indirect $6,400 6,400 materials $122,700 $176,200 $394,000 $6,400 $699,300 Total The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Previous Next
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