Question

Pro-Weave manufactures stadium blankets by passing the products througha weaving department and a sewing department. The following information is available regarding its June inventories: Beginning Inventory Ending Inventory 237,eee Raw materials inventory Work in process 124,e0e 335,eee 445,eee inventory-Weaving Work in process inventory-Sewing Finished goods inventory 730,eee 855, eee 1,296,eee 1,406,eee The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) $ 535,eee Factory al ae cost (naid in cashY see eee <Prev 3 of 6 Next > ere to search re 141 inser S 2 3 4 5 6 7 8 backsp W E R T Y I O D F K 4- X ? C B V pause alt alt ctri Y M G en I m LL C

Answer 1

Transaction General Journal Debit Credit 77 78 a Raw Material Inventory 535,000 Accounts Payable 79 535,000 80 81 b) Work in Process Inventory-Weaving 276,000 Work in Process Inventory -Sewing 82 84,000 Raw Material Inventory 83 360,000 84 85 c) Factory Overhead Raw Material Inventory 128,000 86 128,000 87 88 d) ocess Inventory -Weaving Wor 1,300,000 Work in Process Inventory -Sewing 89 525,000 Factory Payroll Payable 90 1,825,000 91 92 e) Factory Overhead Factory Payroll Payable 1,675,000 93 1,675,000 94 95 f) Factory Overhead 208,000 Other Accounts 96 208,000 97 Work in Process Inventory -Weaving (1300000*90 % ) 98 g 1,170,000 Work in Process Inventory -Sewing (525000*170%) 99 892,500 Factory Overhead 2,062,500 100

102 h) Factory Payroll Payable 3,500,000 103 Cash 3,500,000 104 105