Eclectic Ergonomics Company manufactures designer furniture. Eclectic Ergonomics uses a job order cost system. Balances on April 1 from the materials ledger are as follows
|
Fabric
|
$ 67,500
|
|
Polyester filling
|
20,200
|
|
Lumber
|
150,000
|
|
Glue
|
6,550
|
The materials purchased during April are summarized from the receiving reports as follows:
|
Fabric
|
$338,400
|
|
Polyester filling
|
470,400
|
|
Lumber
|
902,400
|
|
Glue
|
32,400
|
Materials were requisitioned to individual jobs as follows:
|
Fabric
|
Polyester Filling
|
Lumber
|
Glue
|
Total
|
|
|
|
|
|
|
|
Job 81
|
$127,400
|
$160,800
|
$401,200
|
|
$ 689,400
|
|
Job 82
|
97,200
|
145,200
|
375,000
|
|
617,400
|
|
Job 83
|
91,200
|
118,400
|
210,000
|
|
419,600
|
|
Factory overhead-indirect materials
|
|
|
|
$34,800
|
34,800
|
|
Total
|
$315,800
|
$424,400
|
$986,200
|
$34,800
|
$1,761,200
|
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
Required:
|
A.
|
Journalize the April 1 entry to record the purchase of materials in April.*
|
|
B.
|
Journalize the April 3 entry to record the requisition of materials in April.*
|
|
C.
|
Determine the April 30 balances that would be shown in the materials ledger accounts.
|
*
|
Refer to the Chart of Accounts for exact wording of account titles.
|
|