Reference no: EM132507214

Entries for Materials

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:

Fabric$30,200

Polyester filling9,100

Lumber67,600

Glue2,900

The materials purchased during April on account are summarized from the receiving reports as follows:

Fabric$148,900

Polyester filling207,000

Lumber408,000

Glue14,100

Materials were requisitioned to individual jobs as follows:

                           Fabric          Polyester Filling         Lumber              Glue                  Total

Job                      601                    $55,100             $69,400            $185,700         $310,200

Job                        602               42,400                     75,500                162,500           280,400

Job                          603                39,100                      51,200              90,400             180,700

Factory overhead-indirect materials $7,200 7,200

Total                      $136,600              $196,100 $            438,600               $7,200           $778,500

The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

Question a. Journalize the entry to record the purchase of materials in April. If an amount box does not require an entry, leave it blank.

Question b. Journalize the entry to record the requisition of materials in April. If an amount box does not require an entry, leave it blank.