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1. Prepare entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage(c) Indirect materials usage d) direct labor usage, ) labor
1. Prepare entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage(c) Indirect materials usage d) direct labor usage, ) labor usageoverhead costs, () overhead applied, and () payment of total payroll costs.
Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 120,000 300,000 570,000 1,266,000 Ending Inventory $ 185,000 330,000 700,000 1, 206,000 The following additional information describes the company's manufacturing activities for June: $ 500,000 3,060,000 156,000 $ 240,000 75,000 120,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead coat (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $1,200,000 360,000 1,500,000 808 1508 $4,000,000 Journal entry worksheet Record the purchase of raw materials on account Note: Enter debits before credits, Transaction General Journal Debit Credit IA LL Clear entry Journal entry worksheet 3 4 5 6 7 8 Record the usage of direct materials. Note: Enter debits before credits. General Journal Debit Credit Transaction (b) Record entry Clear entry View general journal Required information Journal entry worksheet Record the usage of indirect materials. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 23 Record the cost of direct labor incurred, d Note: Enter debits before credits. Transaction General Journal Credit Record entry Clear entry View general journal Required information Journal entry worksheet Record the cost of indirect labor incurred, but not yet paid. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Step by Step Solution
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