Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials edger are as follows: Fabric $25,000 Polyester filling 7,500 Lumber 56,000 Glue 2,400 The materials purchased during June are summarized from the receiving reports as follows: Fabric $126,300 Polyester filling 175,600 Lumber 346,100 Glue 12,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $46,700 $58,800 $157,400 $262,900 Job 602 36,000 64,000 137,800 237,800 Job 603 33,200 43,400 76,600 153,200 Factory overhead-indirect materials $6,100 6,100 Total $115,900 $166,200 $371,800 $6,100 $660,000 The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials edger are as follows: Fabric $25,000 Polyester filling 7,500 Lumber 56,000 Glue 2,400 The materials purchased during June are summarized from the receiving reports as follows: Fabric $126,300 Polyester filling 175,600 Lumber 346,100 Glue 12,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $46,700 $58,800 $157,400 $262,900 Job 602 36,000 64,000 137,800 237,800 Job 603 33,200 43,400 76,600 153,200 Factory overhead-indirect materials $6,100 6,100 Total $115,900 $166,200 $371,800 $6,100 $660,000 The glue is not a significant cost, so it is treated as indirect materials (factory overhead).

Name: a. Journalize the entry to record the purchase of materials in June.
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Description: a. Journalize the entry to record the purchase of materials in June. If an amount box does not require an entry, leave it blank.88Materialsа.Accounts Payable vFeedbackb. Journalize the entry to record the requisition of materials in June. If an amou

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 10P: Sultan, Inc. manufactures goods to special order and uses a job order cost system. During its first...

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Entries for materialsGenX Furnishings manufactures designer furniture. GenX Furnishingsuses a job order cost system. Balances on June 1 from the materialsledger are as follows: FabricPolyester filling LumberGlue $40,50028,60062,4006,550 The materials purchased during June are summarized from thereceiving reports as follows: FabricPolyester filling LumberGlue $ 440,000130,000360,00040,000 Materials were requisitioned to individual jobs as attached: 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 June. b. Journalize the entry to record the requisition of materials in June.c. Determine the June 30 balances that would be shown in the materialsledger accounts.
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,…
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 $40,500 Polyester filling 28,600 Lumber 62,400 Glue 6,550 The materials purchased during June are summarized from the receiving reports as follows: Fabric $ 440,000 Polyester filling 130,000 Lumber 360,000 Glue 40,000 Materials were requisitioned to individual jobs as follows:
Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $67,960 Polyester filling 19,890 Lumber 148,560 Glue 6,070 The materials purchased during June are summarized from the receiving reports as follows: Fabric $337,790 Polyester filling 469,000 Lumber 907,830 Glue 31,910 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $127,540 $159,980 $398,310 $685,830 Job 602 95,220 149,080 370,910 615,210 Job 603 92,430 118,690 212,030 423,150 Factory overhead—indirect materials $33,440 33,440 Total $315,190 $427,750 $981,250 $33,440 $1,757,630 The glue is not a significant cost, so it is treated as indirect materials (factory overhead). Required: a. Journalize the June 1 entry to record the purchase of materials in June.* b.…
Entries for Materials Yellen Furnishings manufactures designer furniture. Yellen Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $36,500 Polyester filling 25,700 Lumber 56,200 Glue 5,900 The materials purchased during June are summarized from the receiving reports as follows: Fabric $396,000 Polyester filling 162,000 Lumber 324,000 Glue 36,000 Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $185,000 $68,000 $108,000 - $361,000 Job 602 99,000 32,000 79,000 - 210,000 Job 603 117,000 50,000 113,000 - 280,000 Factory overhead-indirect materials - - - $31,300 31,300 Total $401,000 $150,000 $300,000 $31,300 $882,300 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 June. If an amount box does not require an entry, leave…