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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 by

 

image text in transcribedimage text in transcribedimage text in transcribed 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 sewingdepartment. The following information is available regarding its June inventories: Beginning Inventory Ending InventoryRaw materials inventory bRl T $ 229,000Work in process inventory-Weaving 335,000 480,000Work in process inventory—Sewing 680,000 725,000Finished goods inventory 1,346,000 1,376,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) $ 670,000Other actual overhead cost (paid in cash) PNMaterials used Direct—Weaving $ 316,000 Direct—Sewing 123,000 Indirect 176,000Labor used Direct—Weaving $ 1,300,000 Direct—Sewing 495,000 Indirect 1,500,000Overhead rates as a percent of direct labor Weaving 85% Sewing 155%Sales (on credit) $ 5,000,000 Exercise 16-25 (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 list Journal entry worksheet Record the purchase of raw materials on account. Note: Enter debits before credits. !Required information234567Record the purchase of raw materials on account.Note: Enter debits before credits.TransactionGeneral JournalDebitCredit(a)Record entryClear entryView general journal

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