Exercise 16-15 recording product costs

1. record the purchase of raw materials on account

2. record the usage of direct materials

3. record the usage of indirect materials

4. record the cost of labor incurred, but not yet paid

5. record the cost of indirect labor incurred, but not yet paid

6. record the cost of other overhead

7. record the application of overhead

8. record the payment of total factory payroll

[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-leaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 140,000 305,000 645,000 1,436,000 Ending Inventory $ 225,000 395,000 795,000 1,336,000 The following additional information describes the company's manufacturing activities for June $570,000 3,220,000 190.000 Raw materials purchases con credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-eaving Direct-Seding Indirect Labor used Direct-weaving Direct-Seving Indirect Overhead rates as a percent of direct labor Weaving Sedne Sales (on credit) $ 304,000 120,000 152,000 $1,300,000 450,000 1,600,000 90 155X 55,350,000 View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > Record the purchase of raw materials on account. Note: Enter debits before credits General Journal Transaction (a) Debit Credit ho Record entry Clear entry View general Journal