10. 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 Inventory			Ending Inventory
Raw materials inventory	$	152,000		$	277,000
Work in process inventoryWeaving		300,000			400,000
Work in process inventorySewing		665,000			735,000
Finished goods inventory		1,446,000			1,376,000

The following additional information describes the companys manufacturing activities for June:

Raw materials purchases (on credit)	$	625,000
Factory wages cost (paid in cash)		3,080,000
Other factory overhead cost (Other Accounts credited)		216,000
Materials used
DirectWeaving	$	318,000
DirectSewing		96,000
Indirect		200,000
Labor used
DirectWeaving	$	1,300,000
DirectSewing		490,000
Indirect		1,675,000
Overhead rates as a percent of direct labor
Weaving		85	%
Sewing		160	%
Sales (on credit)	$	5,250,000

1. Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. 2. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from sewing to finished goods, and (c) sale of finished goods.

Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from sewing to finished goods, and (c) sale of finished goods.

Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. (a) Sewing (b) Finished Goods (c) Cost of goods sold Record the goods transferred from weaving to sewing Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record the goods transferred from sewing to finished goods. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record the sale of goods on account. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record the cost of goods sold Note: Enter debits before credits. Date General Journal Debit Credit June 30