Eclectic Ergonomics Company ledger
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eclectic_ergonomics_company_question.doc|
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.* |
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|
B. |
Journalize the April 3 entry to record the requisition of materials in April.* |
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|
C. |
Determine the April 30 balances that would be shown in the materials ledger accounts.
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