Question

Required information [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-leaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 120, eee 300,000 570,000 1,266, eee Ending Inventory $ 185, eee 330, eee 700, eee 1,206, eee The following additional information describes the company's manufacturing activities for June: $ see, eee 3,060,000 156,000 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 $ 240, eee 75,000 120,000

Answer 1

	General Journal	Debit	Credit
a	Raw materials inventory	500000
	Accounts payable		500000
b	Work in process inventory—Weaving	240000
	Work in process inventory—Sewing	75000
	Raw materials inventory		315000
c	Factory overhead	120000
	Raw materials inventory		120000
d	Work in process inventory—Weaving	1200000
	Work in process inventory—Sewing	360000
	Factory payroll payable		1560000
e	Factory overhead	1500000
	Factory payroll payable		1500000
f	Factory overhead	156000
	Other accounts		156000
g	Work in process inventory—Weaving	960000		=1200000*80%
	Work in process inventory—Sewing	540000		=360000*150%
	Factory overhead		1500000
h	Factory payroll payable	3060000
	Cash		3060000