Reference no: EM131773066

Problem - Bullock Furniture Company manufactures furniture. Bullock uses a job order cost system. Balances on June 1 from the materials ledger are as follows:

    Fabric                              25,000

    Polyester Filling                7,500

    Lumber                           56,000

    Glue                               2,400

The materials purchased during June are summarized from the receiving reports as follows:

    Fabric                              126,000

    Polyester Filling                175,000

    Lumber                            345,000

    Glue                                12,000

Materials were requisitioned to individual jobs as follows:

                                                        Fabric       Polyester Filling   Lumber       Glue      Total            

Job 101                                             47,500        60,000             160,000                    267,500

Job 102                                             36,500        54,000             140,000                    230,500

Job 103                                             33,500        44,000             78,000                      155,500

Factory overhead-indirect materials                                                               13,000              

Total                                                 117,500      158,000           378,000       13,000   666,500

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.