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16. Homework Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets by passing the products through a weaving
16. Homework 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 then a sewing department. The following information is available regarding its June inventories: Beginning Inventory Ending Inventory $ 146,000 435,000 710,000 1,356,000 $ 201,000 465,000 740,000 Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory 1,296,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Other actual overhead cost (paid in cash) Materials used Direct-Weaving Direct-Seving Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit). $ 555,000 200,000 $ 280,000 114,0001 148,000 $ 1,225,000 430,000 1,775,000 858 1608 $ 4,650,000 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used, (c) indirect materials used, (d) direct labor used, (e) indirect labor used, (f) other actual overhead costs, and (g) overhead applied. View transaction list 6 of 2 VALOLL VORTHY Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) 1,775,000 851 1608 $ 4,650,000 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used, (c) indirect materials used, (d) direct labor used, (e) indirect labor used. (f) other actual overhead costs, and (g) overhead applied. View transaction list Journal entry worksheet 1 2 3 45 6 7 Record the purchase of raw materials on account. Note: Enter debits before credits. es Transaction General Journal Debit Credit (a) Record entry Clear entry View general journal
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