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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
$30,800
Polyester filling
9,200
Lumber
69,000
Glue
3,000
The materials purchased during June are summarized from the
receiving reports as follows:
Fabric
$152,800
Polyester filling
212,400
Lumber
418,700
Glue
14,500
Materials were requisitioned to individual jobs as follows:...