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[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 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: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 164,000 430, eee 580, eee 1,316,eee Ending Inventory $ 261,000 425, eee 875, eee 1,256,000 The following additional Information describes the company's manufacturing activities for June: $ 540,eee 3,500,eee 168, eee $ 270,eee 87,000 158, eee Raw materials purchases (on credit) Factory wages 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) $1,375,000 400,000 1,725, eee 85% 155% $4,500,eee xercise 16-15 Recording product costs LO P1, P2, P3 Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (C) Indirect materials usage, direct labor usage, (e) Indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total wages costs. View transaction list Journal entry worksheet N 1 2 3 4 5 6 7 8 > Record the purchase of raw materials on account
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