23 Required information Use the following information for the Exercises below. The following information applies to the questions displayed below Part 1 of 2 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 Ending vettory Raw materials inventory $ 120,00 15,00 Work in process Eventory 30,00 work in process investory-sevding 50 330,00 700, Finished goods inventory 1,266,00 The following additional information describes the company's manufacturing activities for June Print 5500,000 3. 156.000 waterials purchases con credit) Factory parell cost od in cash Other factory overhead cost Other Account credited) Materials used Direct Direct-Beding Indirect Labor used Directing Directed Indirect Overhead rates as a percent of direct labor 5. 15. $1,200.00 1,5, Sales con credit) 150 $4,000, Exercise 16-14 Production cost flow and measurement; Journal entries LO P4 1. Compute the cost of products transferred from weaving to sewing cost of products transferred from sewing to finished goods. and cost of goods sold 2. Prepare journal entries dated June 30 to record al goods transferred from weaving to sewing, col goods transferred from sewing to finished goods.id sale of finished goods, and (d) cost of goods sold Complete this question by entering your answers in the tabs below. Rewred 1 Required Compute the 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 ned Goods (e) Cost of goods sold Required 2 > Chapter 16 homework -- 23 75. 120, $1,200,00 biect-Seving Indirect ber odrast trering Direct Indirect Overhead res percent of direct labor weaving Sales (credit) 1,500 54,000, Exercise 16-14 Production cost flow and measurement: Journal entries LO P4 HH 1. Compute the cost of products transferred from weaving to sewing, (cost of products transferred from sewing to finished goods, and cost of goods sold 2. Prepare journal entries dated June 30 to record al goods transferred from weaving to sewing goods transferred from sewing to finished goods, Isle of finished goods, and icon of goods sold. References Complete this question by entering your answers in the tabs below. Required Required 2 Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from swing to finished goods, ( sale of finished goods, and (d) cost of goods sold Views transactions Joumal entry worksheet A B D > Record the goods transferred from weaving to sewing hodes General Journal Deb Credit Chewy View journal Required Information Use the following information for the Exercises below. [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: Beginning Ending Inventory Inventory Raw materials inventory $ 120,65 185,000 Work in process inventory-Heaving 300, 330,000 Work in process inventory-Sewing 570,000 700,000 Finished goods inventory 1,266, 1,205,000 The following additional information describes the company's manufacturing activities for June $ 500,000 156,000 $ 240,000 75,000 120,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (other Accounts credited) Materials used Direct-weaving Direct-Seving Indirect Labor used Direct-weaving Direct-Seding Indirect Overhead rates as a percent of direct labor Weaving Sending Sales (on credit $1,200, eee 360,000 1,500,000 150 $4,000,000 Exercise 16-15 Recording product costs LO P1, P2, P3 1. Prepare journal entries dated June 30 to record: (a) raw materiais purchases. (b) direct materials usage. (c) indirect materials usage. (d) direct labor usage. (e) Indirect labor usage. In other overhead costs, (a) overhead applied, and th) payment of total payroll costs View transactions Journa worksheet