Problem:
Bullock Furniture Company manufactures furniture. Bullock uses a job order cost system.
Balances on June 1 from the materials ledger are as follows:
Fabric $18,400
Polyester filling 5,500
Lumber 41,200
Glue 1,800
The materials purchased during June are summarized from the receiving reports as follows:
Fabric $90,200
Polyester filling 125,400
Lumber 247,100
Glue 8,600
Materials were requisitioned to individual jobs as follows:
Fabric Polyester Filling Lumber Glue Total
Job 101 $33,400 $42,100 $112,600 $188,100
Job 102 25,700 45,800 98,500 170,000
Job 103 23,700 31,100 54,800 109,600
Factory overhead-indirect materials $4,300 4,300
Total $82,800 $119,000 $265,900 $4,300 $472,000
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
Determine the June 30 balances that would be shown in the materials ledger accounts.
Balance, June 30
Fabric $
Polyester Filling $
Lumber $
Glue $