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16 Part 2 of 2 1.95 points Required information [The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing
16 Part 2 of 2 1.95 points 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: Raw materials inventory eBook Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Hint Print References Beginning Inventory $ 156,000 315,000 630,000 1,406,000 Ending Inventory $ 213,000 485,000 920,000 1,406,000 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-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing $ 605,000 166,000 $ 290,000 117,000 148,000 $ 1,300,000 385,000 1,550,000 908 165* Sales (on credit) $ 5,050,000 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 4 567 Record the purchase of raw materials on account. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit Record entry Clear entry View general journal
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