Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Beginning Ending Inventory Inventory Raw materials inventory $ 120,000 $ 185,000 Work in process inventory Weaving 380,000 330,000 Work in process inventory-Sewing 570,000 700,000 Finished goods inventory 1,266,000 1,286,000 The following additional information describes the company's manufacturing activities for June $ See, 800 3,860,000 156,000 $ 240,00 75,000 120, eee Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) 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) $1,200,000 360,000 1,500,000 sex 150% $4,000,000 veb and Windows Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage. (c) indirect materials usage. (d) direct lobor usage, (e) Indirect labor usage, (1) other overhead costs. (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Record the purchase of raw materials on account. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry View general journal Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage. (C) indirect materials usage. (d) direct labor usage. (e) indirect labor usage. (1) other overhead costs. (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases. (b) direct materials usage. (c) indirect materials usage. (d) direct labor usage. (e) indirect labor usage. (f) other overhead costs. (g) overhead applied, and (h) payment of total payroll costs View transaction list Journal entry worksheet Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage. (c) Indirect materials usage. (d) direct labor usage. (e) indirect labor usage. (1) other overhead costs. (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage. (c) indirect materials usage. (d) direct labor usage, (e) indirect labor usage. (1) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet Record the cost of indirect labor incurred, but not yet paid. Note: Enter debits before credits. General Journal Debit Transaction (e) Credit Record entry Clear entry View general journal Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases. (b) direct materials usage. (c) Indirect materials usage, (d) direct labor usage, (e) indirect labor usage. (f) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases. (b) direct materials usage. (C) Indirect materials usage, (d) direct labor usage. (e) Indirect labor usage. (1) other overhead costs. (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) Indirect materials usage. (d) direct labor usage. (e) indirect labor usage, (1) other overhead costs. (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet Record the payment of total factory payroll. Note: Enter debits before credits General Joumal Debit Credit Transaction th) 23 Record entry Clear entry View general journal
