a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.а.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.FabricPolyester FillingLumberGlueBalance, April 30$4$4 Entries for MaterialsKingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from the materials ledgerare as follows:Fabric$21,600Polyester filling6,500Lumber48,400Glue2,100The materials purchased during April on account are summarized from the receiving reports as follows:Fabric$106,100Polyester filling147,500Lumber290,700Glue10,100Materials were requisitioned to individual jobs as follows:PolyesterFabricLumberGlueTotalFillingJob 601$39,300$49,500$132,400$221,200Job 60230,30053,800115,900200,000Job 60327,90036,50064,500128,900Factory overhead-indirect$5,1005,100materialsTotal$97,500$139,800$312,800$5,100$555,200The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

Name: a. Journalize the entry to record the purchase of materials in April.
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Description: a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.а.b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, l

The question is based on the concept of Financial Accounting.

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Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue alance, April 30 $

Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Polyester Filling Lumber Glue alance, April 30 $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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