Question
Required information Skip to question [The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing the products through a weaving
Required information
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[The following information applies to the questions displayed below.]
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:
Beginning Inventory | Ending Inventory | |
---|---|---|
Raw materials inventory | $ 168,000 | $ 217,000 |
Work in process inventoryWeaving | 435,000 | 375,000 |
Work in process inventorySewing | 625,000 | 825,000 |
Finished goods inventory | 1,316,000 | 1,216,000 |
The following additional information describes the companys manufacturing activities for June:
Raw materials purchases (on credit) | $ 655,000 |
---|---|
Other actual overhead cost (paid in cash) | 164,000 |
Materials used | |
DirectWeaving | $ 248,000 |
DirectSewing | 75,000 |
Indirect | 150,000 |
Labor used | |
DirectWeaving | $ 1,300,000 |
DirectSewing | 525,000 |
Indirect | 1,700,000 |
Overhead rates as a percent of direct labor | |
Weaving | 90% |
Sewing | 165% |
Sales (on credit) | $ 4,600,000 |
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.
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 then a sewing department. The following information is available regarding its June inventories: The following additional information describes the company's manufacturing activities for June: 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. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used, (c) indirect materials used, (d) lirect labor used, (e) indirect labor used, (f) other actual overhead costs, and (g) overhead applied. Journal entry worksheet Note: Enter debits betore credits
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