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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:
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-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Ending Inventory Inventory $ 154,000 $261,000 450,000 480,000 580,000 970,000 1,356,000 1,316,000 The following additional information describes the company's manufacturing activities for June: $ 515,000 3,180,000 194,000 $ 270,000 78,000 134,000 Raw materials purchases (on credit) Factory wages cost (paid in cash) other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Seving Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $1,225,000 405,000 1,550,000 904 1551 55,450,000 1. Prepare journal 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. (1) other overhead costs, (9) overhead applied, and (h) payment of total wages costs
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