Entries for Materials Bullock Furniture Company manufactures furniture. Bullock

ID: 2426286 • Letter: E

Question

Entries for Materials

Bullock Furniture Company manufactures furniture. Bullock uses a job order cost system. Balances on April 1 from the materials ledger are as follows:

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

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 on account in April.

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

Determine the April 30 balances that would be shown in the materials ledger accounts.

Fabric $30,500 Polyester filling 9,200 Lumber 68,300 Glue 2,900

A. Journal entry to record the purchase of material on account

B.Entry to record requisition of materials

Calculation of April 30 balances to be shown in material ledger account

a Material inventory $781100 Accounts payable $781100

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