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 $18,900 Polyester filling 5,700 Lumber 42,300 Glue 1,800 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric $94,100 Polyester filling 130,800 Lumber 257,800 Glue 8,900 Materials were requisitioned to individual jobs as follows:   Fabric Polyester Filling Lumber Glue Total Job 601 $35,800   $45,100   $120,600     $201,500   Job 602 27,600   49,000   105,600     182,200   Job 603 25,400   33,300   58,700     117,400   Factory overhead-indirect materials             $4,700   4,700   Total $88,800   $127,400   $284,900   $4,700   $505,800   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. Materials  fill in the blank 8d9001fd4fa006c_2 fill in the blank 8d9001fd4fa006c_3     fill in the blank 8d9001fd4fa006c_5 fill in the blank 8d9001fd4fa006c_6 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.   fill in the blank e21d5d00606cfef_2 fill in the blank e21d5d00606cfef_3     fill in the blank e21d5d00606cfef_5 fill in the blank e21d5d00606cfef_6     fill in the blank e21d5d00606cfef_8 fill in the blank e21d5d00606cfef_9 c.  Determine the April 30 balances that would be shown in the materials ledger accounts.   Fabric Polyester Filling Lumber Glue Balance, April 30 $fill in the blank 6c22a408301401d_1 $fill in the blank 6c22a408301401d_2 $fill in the blank 6c22a408301401d_3 $fill in the blank 6c22a408301401d_4

Journalize the entries

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 $19,900 Polyester filling 6,000 Lumber 44,600 Glue 1,900 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric Polyester filling Lumber Glue Materials were requisitioned to individual jobs as follows: Polyester Filling Job 601 Job 602 Job 603 Factory overhead-indirect materials Total a. $96,300 133,900 263,900 9,100 b. Fabric $34,700 26,700 24,600 Balance, April 30 Lumber Glue $43,700 $116,900 47,500 102,400 32,300 56,900 $86,000 $123,500 $276,200 $4,500 $490,200 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. $4,500 Total $195,300 176,600 113,800 b.…

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $2,270 Job 202 1,140 Job 203 900 Job 204 1,670 Factory supervision 780 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $28 per direct labor hour. The direct labor rate is $13 per hour. If required, round final answers to the nearest dollar. a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable v Feedback b. Journalize the entry to apply factory overhead to production for November. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead

Christopher's Custom Cabinet Company uses a job order cost system with overhead applied as a percentage of direct labor costs. Inventory balances at the beginning of the current year follow: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $ 16,700 5,800 20,500 The following transactions occurred during January: a. Purchased materials on account for $26,100. b. Issued materials to production totaling $21,000, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect materials. c. Payroll costs totaling $18,300 were recorded as follows: $10,900 for assembly workers $1,900 for factory supervision $2,200 for administrative personnel $3,300 for sales commissions d. Recorded depreciation: $4,700 for factory machines, $1,300 for the copier used in the administrative office. e. Recorded $1,500 of expired insurance. Forty percent was insurance on the manufacturing facility, with the remainder classified as an administrative…

Harper Company uses a job order cost system. Journalize the entries for materials and labor, based on the following data:Raw materials issued: Job No. 609, $850; for general use in factory, $600Labor time tickets: Job No. 609, $1,600; $400 for supervision If an amount box does not require an entry, leave it blank.     fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9     fill in the blank 11 fill in the blank 12     fill in the blank 14 fill in the blank 15     fill in the blank 17 fill in the blank 18

Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Job 33 Job 34 Source documents revealed the following during March: Materials Requisitions Forms $3,000 2,500 5,000 1,000 $ 11,500 Job 33 Job 34 Job 35 Indirect Balance on 3/1 $ 5,400 3,900 $ 9,300 Labor Time Tickets $ 5,500 3,100 2,600 2,000 $ 13,200 The company applies overhead to products at a rate of 65 percent of direct labor cost. Status of Job at Month-End Completed and sold Completed, but not sold In process Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Job 33 Job 34 Job 35 Compute the cost of Jobs 33, 34, and 35 at…

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Entries for Materials Genx Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $27,300 Polyester filling 8,200 Lumber 61,200 Glue 2,600 The materials purchased during June are summarized from the receiving reports as follows: Fabric $134,300 Polyester filling 186,700 Lumber 368,000 Glue 12,800 Materials were requisitioned to individual jobs as follows: Polyester Fabric Filling Lumber Glue Total Job 601 $48,300 $60,900 $162,800 $272,000 Job 602 37,200 66,200 142,500 245,900 Job 603 34,300 44,900 79,200 158,400 Factory overhead-indirect $6,300 6,300 materials Total $119,800 $172,000 $384,500 $6,300 $682,600 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 June. a. b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry,…

Lorrimer Company has a job-order cost system. The following debits (credits) appeared in theWork-in-Process account for the month of June. June 1, balance $12,000June 30, direct materials 50,000 During the month of June, direct labor totaled $30,000 and $24,000 of overhead was applied toproduction. Finished Goods was debited $100,000 during June.Lorrimer Company applies overhead at a predetermined rate of 80% of direct labor cost. Job number 83, the only job still in process at the end of June, has been charged with manufacturingoverhead of $3,400. What was the amount of direct materials charged to Job number 83?a. $3,400b. $4,250c. $8,350d. $7,580