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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
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: Raw materials inventory Hork in process inventory-leaving Hork in process inventory-Sewire Finished goods inventory Beginnre Inventory Ending Inventory $ 132,000 305,000 615,000 1,316,000 $ 265,000 485,000 730,000 1,286,000 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-Heaving Direct-Sewing Indirect Labor used Direct-Heaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Heaving Sewing Sales (on credit) $ 655,000 220,000 $294,000 96,000 126,000 $ 1,275,000 525,000 1,700,000 35% 165 $ 4,450,000 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used, (Indirect materials used, (d) direct labor used, (e) Indirect labor used, (f) other actual overhead costs, and (g) overhead applied. Mew transaction lit Journal entry worksheet 1 2345 7 > Record the purchase of raw materials on account. Noce: Encer deals before credits. Transaction (a) General Journal Debit Credit Record entry Clear entry View general journal
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