Business
Business, 13.11.2019 20:31, vincentmoine

Entries for materials genx furnishings company 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 180,000 lumber 360,000 glue 40,000 materials were requisitioned to individual jobs as follows: fabric polyester filling lumber glue total job 601 $205,000 $75,000 $120,000 $400,000 job 602 110,000 36,000 88,000 234,000 job 603 130,000 55,000 125,000 310,000 factory overhead-indirect materials $34,800 34,800 total $445,000 $166,000 $333,000 $34,800 $978,800 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 june.

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