Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ch 20 3 Required information (The following information applies to the questions displayed below) Pro-Weave manufactures stadium blankets by passing the products through a weaving
ch 20 3
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: Beginning Ending Inventory Inventory Raw materials Inventory $ 192,000 $ 193,000 Work in process Inventoryving 460,000 420,000 Work in process Inventory-Sewing 695,000 830,000 Finished goods inventory 1,466,000 1,326,000 The following additional information describes the company's manufacturing activities for June: 5625, 3,205.000 194,000 $ 270,000 87,000 158,000 Raw materials pure on Credit) Factory payroll cost (paid in cash) Other factory overhead cost Other Accounts credited) Materused Direct leaving Direct-swing Indirect Labond Directing DirectSewing Indirect Overed at rett Xbor Weaving Sewing Sales con credit $1,275,000 380,000 1,550,000 160 34,350,000 1. Compute the la) cost of products transferred from weaving to sewing. (bj cost of products transferred from sewing to finished go and cost of goods sold 2. Prepare Journal entries dated June 30 to record al goods transferred from weaving to sewing. (b) goods transferred from sewin finished goods, ( sale of finished goods, and is cost of goods sold. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the a) cost of products transferred from weaving to sewing. () cost of products transferred from owing to finished goods, and (c) cost of goods sold. (al Sewing by Finished Goods Cost of goods sold | Air Required 2 > try 19.00 5 101, wateriais very Work in processen War in process inventory Pintory . . 1.100.000 1. The following additional information describes the company's manufacturing actos forne wordt Tactory roll cost () Otrotherm Materials 5. .. N. . 1. $1,223,00 . 3.55 Metabo Sales $4,750. 1. Compute the cont of producte transferred from welling to sewing. (b) cost of products transferred from sowing to freshed goods and cost of goods sold 2. Preoperative to one 3 to record good transferred from weaving to conting goods and from within fthed goods of finished goods, and cost of goods sold Complete the guestion by entering your answers in the the below. Prepare found 30 ) transferred from todo finished goods ( che good wood View trailer Journal entry worksheet A > Record the goods ferred from waving to General De 30 Recomandy Grey Red 1 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started