Question
[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 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 InventoryRaw materials inventory $ 196,000 $ 245,000Work in process inventoryWeaving 370,000 335,000Work in process inventorySewing 720,000 735,000Finished goods inventory 1,316,000 1,436,000The following additional information describes the company's manufacturing activities for June:Raw materials purchases (on credit) $ 685,000Other actual overhead cost (paid in cash) 182,000Materials used DirectWeaving $ 266,000DirectSewing 90,000Indirect 126,000Labor used DirectWeaving $ 1,325,000DirectSewing 565,000Indirect 1,625,000Overhead rates as a percent of direct labor Weaving 90%Sewing 160%Sales (on credit) $ 4,350,0001. 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.
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