Answer:
A.Dr Materials 504,800
Cr Account payable 504,800
B.Dr Work in process 487,300
Dr Factory overhead 4500
Cr Materials 491,800
C.Fabric Ployester filling Lumber Glue
$29,400 $16,100 $30,400 $6,500
Explanation:
Entries for Materials Kingsford Furnishings
a) Journal entry
Fabric $96,600
Polyester filling 134,300
Lumber 264,700
Glue 9,200
Total 504,800
Dr Materials 504,800
Cr Account payable 504,800
b) Journal entry
Dr Work in process 487,300
(491,800-4500)
Dr Factory overhead 4500
Cr Materials 491,800
c) Calculation of the ending balance
Fabric Ployester filling Lumber Glue
Beginning balance
$19,100 5,700 42,800 1,800
Purchase
$96,600 134,300 264,700 9,200
Used
-$86,300 -$123,900 -$277,100 -$4,500
Ending balance
$29,400 $16,100 $30,400 $6,500
