Managerial Accounting

Required information [T he 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: Beginning Ending Inventory Inventory Raw materials inventory $ 160,000 $ 237,000 Work in process inventoryWeaving 345,000 330,000 Work in process inventorySewing 630,000 955,000 Finished goods inventory 1,346,000 1,366,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) $ 565,000 Factory payroll cost (paid in cash) 3,240,000 Other factory overhead cost (other Accounts credited) 200,000 Materials used DirectWeaving 242,000 DirectSewing 37,000 Indirect 173,000 Labor used DirectWeaving $1,250,000 DirectSewing 365,000 Indirect 1,625,000 Overhead rates as a percent of direct labor Weaving 90% Sewing 165% Sales (on credit) $4,550,000 1. Preparejournal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage. (d) direct labor usage, (e) indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs