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Required Information Use the following Information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Pro-Weave manufactures stadium blankets
Required Information Use the following Information for the Exercises below. (Algo) [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 $188,000 335,000 725,000 1,306,000 $ 289,000 365,000 775,000 Raw materials Inventory Work In process Inventory-weaving Work in process inventory-Sewing Finished goods Inventory 1,476,000 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-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $ 615,000 194,000 $ 250,000 111,000 148,000 $1,325,000 545,000 1,625,00 85% 165 $ 4,650,000 Exercise 3-25 (Algo) Recording product costs LO P3 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. View transaction Bet Journal entry worksheet 2 3 4 5 6 7 Record the purchase of raw materials on account. benter debits before vis Transaction (a) General Journal Debit Credit Record entry Clear entry View general journal
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