Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order...
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Accounting
Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost system. Balances on April 1 from materials ledger are as follows: Fabric $22,300 Polyester filling 6,700 Lumber 50,000 Glue 2,100 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $114,800 Polyester filling 159,600 Lumber 314,600 Glue 10,900 Materials were requisitioned to individual Jobs as follows: Polyester Fabric Lumber Glue Total Filling $41,300 Job 601 $52,000 $139,200 $232,500 31,800 Job 602 56,600 210.200 121,800 38,400 29,300 67,700 135,400 Job 603 Factory overhead-indirect $5,400 5,400 materials $102,400 $147,000 $328,700 $5,400 $583,500 Total 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 b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank. c. Determine the April 30 balances that would be shown in the materials ledger accounts. Fabric Lumber Glue Polyester Filling $ Balance, April 30 $ $


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