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 $24,900
Polyester filling 7,500
Lumber 55,800
Glue 2,400
The materials purchased during June are summarized from the receiving reports as follows:
Fabric $121,300
Polyester filling 168,600
Lumber 332,400
Glue 11,500
Materials were requisitioned to individual jobs as follows:
Fabric Polyester Filling Lumber Glue Total
Job 601 $43,700 $55,100 $147,300 $246,100
Job 602 33,600 59,900 128,900 222,400
Job 603 31,000 40,600 71,700 143,300
Factory overhead-indirect materials $5,700 5,700
Total $108,300 $155,600 $347,900 $5,700 $617,500
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 materials ledger accounts.

a. Date     Account Titles and Explanation               Debit         Credit

  June 1   Raw materials inventory - Fabric A/c       $121,300

                Raw materials inventory - Polyster A/c    $168,600

                Raw materials inventory - Lumber A/c     $332,400

                Raw materials inventory - Glue A/c          $11,500

                      To account payable                                               $633,800

                (Being recorded for the purchase of materials in June)

b. Date     Account Titles and Explanation                  Debit        Credit

   June 3  Work in process - Job 601 A/c                   $222,400

                    Raw materials inventory - Fabric A/c                        $43,700

                    Raw materials inventory - Polyster A/c                     $55,100

                    Raw materials inventory - Lumber A/c                      $147,300

              Work in process - Job 602 A/c                     $143,300

                    Raw materials inventory - Fabric A/c                         $31,000

                    Raw materials inventory - Polyster A/c                      $40,600

                    Raw materials inventory - Lumber A/c                       $71,700

               Work in process - Job 603 A/c                   $222,400

                    Raw materials inventory - Fabric A/c                        $33,600

                    Raw materials inventory - Polyster A/c                     $59,900

                    Raw materials inventory - Lumber A/c                      $128,900

                 Factory Overhead A/c                                  $5,700

                        To Raw materials inventory - Glue A/c                   $5,700

c. Particulars                            Fabrics    Polyster    Lumber      Glue

Beg. Inventory June 1             $24,900   $7,500      $55,800    $2,400

Add: Purchases                       $121,300  $168,600   $332,400  $11,500

                                                 $146,200 $175,100   $388,200 $13,900    

Less: Issued to production     $108,300  $155,600  $347,900  $5,700

End. Inventory June 30         $37,900   $20,500    $40,300   $8,200

answerthat 50% of all cases go to trial;