Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. entries for materials the materials purchased duri

Entries for Materials The materials purchased during April on account are summarized from the receiving...

70.2K

Verified Solution

Question

Accounting

Entries for Materials
The materials purchased during April on account are summarized from the receiving reports as follows:
Fabric
Polyester filling
Lumber
Glue
$98,900
137,500
271,000
9,400
Materials were requisitioned to individual jobs as follows:
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.
a.
Accounts Payable
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.
Feedback
Check My Work
b. Increase the work in process for direct materials for the Jobs and factory overhead for the indirect materials.
c. Determine the April 30 balances that would be shown in the materials ledger accounts.
Fabric
Balance, April 30
Polyester Filling
Lumber
$
$
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

4(a) Suppose a particle P is moving in the plane so that its coordinates are given...

Basic Math
Q

what is the role of perception, moralities, and thinking in the character-building?

Psychology
Q

Nash Appliance Center is an experienced home appliance dealer. Nash Appliance Center also offers a number...

Accounting
Q

13 A triple slit experiment is performed as shown in the figure with monochromatic light...

Physics
Q

43 PCC Lee Name 6 pts Tree diameters in a plot of land are normally...

Statistics
Q

Of all points (x, y, z) that satisfy x + 4y + 3z=21, find the...

Calculus
Q

Solve the inequality Enter your answer using interval notation 1 7 1 X X 6...

Calculus
Q

Tonya borrows $140,000 from a bank in the form of a 15-year mortgage to purchase...

Accounting
Q

Copr. Goedl Cincinnati Supply Corp., a supplier to Kraft Foods, has two divisions: the Alpha...

Accounting
Q

What assumption does NOT underlie the historic cost principle? It takes into account barter and...

Accounting
Q

Sanchez & Ryan, Inc, sells a single product. This year, 20,000 units were sold resulting...

Accounting
Q

07:28 07:28

Finance