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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
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 Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory. Beginning Inventory $170,000 315,000 685,000 1,366,000 Ending Inventory $ 253,000 420,000 915,000 1,296,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Other actual overhead cost (paid in cash) $ 595,000 198,000 Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Heaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $316,000 87,000 170,000 $ 1,325,000 425,000 1,575,000 80x 160% $ 5,250,000 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used. (c) indirect materials used irect labor used, (e) Indirect labor used, (f) other actual overhead costs, and (g) overhead applied. View transaction list Journal entry worksheet < 1 2 3 4 5 6 Record the purchase of raw materials on account.
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