Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewin departmentThe following information is available regarding its June inventories: Required

Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewin departmentThe following information is available regarding its June inventories: image text in transcribed
image text in transcribed
Required Information 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 Weaving Work in process inventory-Sewing Finished goods Inventory Beginning Inventory S130, Bee 1345.800 660.000 1,276,000 Ending Inventory $ 237,800 400 oue 800,000 1,286,00 The following additional information describes the company's manufacturing activities for Dune $ 20,000 3, 505,000 220,180 Raw materials purchases on credit) Factory payroll cost (paid in cash) other factory overhead cost other Accounts credited) Materials used Direct Weaving Direct-sewang Indirect Labor used Direct waving Direct-Sewing direct overhead rates percent of direct Labor Weaving Sene Sales Con credit) $ 246) Bee 244,00 184,00 $1,275,00 480.000 1.250,00 85% 17 $4,300, 1. Prepare journal entries dated June 30 to record: (ayaw materials purchases (b) direct materials usage, cindirect materiais usage, (ddirect labor usage (e Indirect labor usage, Mothet overhead costs. (goverhead appiled, and th payment of total payron costs 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. (fother overhead costs. (9) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > Record the purchase of raw materials on account Note her debit before or Transaction General Joumal Debit Crecht (a) Record entry Clear entry View general journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago