combes furniture company manufactures furniture combes uses a job order cost system 647603

Combes Furniture Company manufactures furniture. Combes uses a job order cost system. Balances on November 1 from the materials ledger are as follows:

Fabric

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$ 33,500

Polyester filling

8,100

Lumber

107,400

Glue

1,600

The materials purchased during November are summarized from the receiving reports as follows:

Fabric

$549,900

Polyester filling

104,200

Lumber

969,500

Glue

14,200

Materials were requisitioned to individual jobs as follows:

 

 

Polyester

 

 

 

 

Fabric

Filling

Lumber

Glue

Total

Job 11

$362,200

$64,500

$611,300

 

$1,038,000

Job 12

121,700

13,900

198,600

 

334,200

Job 13

67,800

10,300

182,400

 

260,500

Factory overhead—indirect

 

 

 

 

 

materials

 

 

 

$11,700

11,700

Total

$551,700

$88,700

$992,300

$11,700

$1,644,400

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 November.

b. Journalize the entry to record the requisition of materials in November.

c. Determine the November 30 balances that would be shown in the materials ledger accounts.

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