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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 $ 128,000 320,000 645,000 1,486,000 Ending Inventory $ 233,000 420,000 705,000 1,436,000 The following additional information describes the company's manufacturing activities for June: $ 600,000 192,000 $ 318,000 96,000 152,000 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) $ 1,250,000 395,000 1,525,000 80% 165% $ 5,450,000 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. 1. Paid other actual overhead costs of $19,000 in cash. 2. Applied overhead at 110% of direct labor costs. Direct labor costs were $41,000 in the Roasting department and $48,000 in the Blending department View transaction list Journal entry worksheet Record overhead costs paid. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal
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