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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
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 Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 140,000 300,000 685,000 1,346,000 Ending Inventory $ 193,000 355,000 840,000 1,436,000 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 Sales (on credit) $ 585,000 188,000 $ 290,000 120,000 174,000 $ 1,350,000 585,000 1,700,000 90% 160% $ 5,250,000 1 No > Answer is not complete. Transaction General Journal (a) Raw materials inventory Accounts payable 2 (b) Work in process inventory-Weaving Work in process inventory-Sewing Raw materials inventory Debit 585,000 Credit 585,000 290,000 120,000 410,000 3 (c) Factory overhead Raw materials inventory 174,000 174,000 4 (d) Work in process inventory-Weaving 1,350,000 Work in process inventory-Sewing 585,000 Factory wages payable 1,935,000 5 (e) Factory overhead Factory wages payable 1,700,000 1,700,000 6 (f) Work in process inventory-Weaving Work in process inventory-Sewing Factory overhead 1,215,000 936,000 2,151,000 x 7 (g) Factory wages payable Cash 585,000 585,000 x
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