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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing...

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Accounting

Entries for Materials

Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses job order costing Balances on April 1 from the materials ledger are as follows:

Fabric $58,300
Polyester filling 30,000
Lumber 58,800
Glue 9,950

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

Item Amount
Fabric $820,000
Polyester filling 315,000
Lumber 555,000
Glue 80,000

Materials were requisitioned to individual jobs as follows:

Fabric Polyester Filling Lumber Glue Total
Job 601 $190,000 $66,200 $118,500 $374,700
Job 602 365,000 152,100 219,300 736,400
Job 603 255,000 101,700 196,200 552,900
Factory overhead-indirect materials $83,600 83,600
Total $810,000 $320,000 $534,000 $83,600 $1,747,600

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

Question Content Area

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

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