Amounts for Materials
Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials ledger are as follows:
Fabric | $27,700 |
Polyester filling | 8,300 |
Lumber | 62,000 |
Glue | 2,700 |
The materials purchased during June are summarized from the receiving reports as follows:
Fabric | $136,300 |
Polyester filling | 189,500 |
Lumber | 373,500 |
Glue | 12,900 |
Materials were requisitioned to individual jobs as follows:
Fabric | Polyester Filling | Lumber | Glue | Total | ||||||
Job 101 | $51,800 | $65,300 | $174,600 | $291,700 | ||||||
Job 102 | 39,900 | 71,000 | 152,800 | 263,700 | ||||||
Job 103 | 36,800 | 48,200 | 85,000 | 170,000 | ||||||
Factory overhead-indirect materials | $6,700 | 6,700 | ||||||||
Total | $128,500 | $184,500 | $412,400 | $6,700 | $732,100 |
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
a. Determine the total purchase of materials in
June.
$
b. Determine the amounts of materials transferred to Work in Process and Factory Overhead for the requisition of materials in June.
Materials transferred to Work in Process | $ |
Materials transferred to Factory Overhead | $ |
c. Determine the June 30 balances that would be shown in the materials ledger accounts.
Balance, June 30 | |
Fabric | $ |
Polyester Filling | $ |
Lumber | $ |
Glue | $ |
a | ||
Total purchase of materials | 712200 | =136300+189500+373500+12900 |
b | ||
Materials transferred to Work in Process | 725400 | =128500+184500+412400 |
Materials transferred to Factory Overhead | 6700 | |
c | ||
Balance, June 30 | ||
Fabric | 35500 | =27700+136300-128500 |
Polyester Filling | 13300 | =8300+189500-184500 |
Lumber | 23100 | =62000+373500-412400 |
Glue | 8900 | =2700+12900-6700 |
Amounts for Materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order...
Amounts for Materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $22,800 Polyester filling 6,800 Lumber 51,100 Glue 2,200 The materials purchased during June are summarized from the receiving reports as follows: Fabric $117,000 Polyester filling 162,600 Lumber 320,600 Glue 11,100 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 101 $42,100 $53,000 $141,900 $237,000...
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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 $23,100 Polyester filling 6,900 Lumber 51,700 Glue 2,200 The materials purchased during April on account are summarized from the receiving reports as follows: Fabric Polyester filling $114,300 158,900 313,200 10,900 Lumber Glue Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 Job 602 Job...
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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 $ 65,800 Polyester filling 20,920 Lumber 152,000 Glue 6,250 The materials purchased during June are summarized from the receiving reports as follows: Fabric $338,880 Polyester filling 474,200 Lumber 908,030 Glue 34,620 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $129,730 $164,460 $404,530 $698,720 Job 602 99,370 141,320...