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Ch 3. Question 11. Pro-weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information in the

Ch 3. Question 11. Pro-weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information in the picture is available regarding its June1. Commute the (a) cost of products transferred from weaving to sewing (b) cost of products transferred fr sewing to finished goods and (c) sale of finished goods and (d) 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 (c) sale of finished goods (d) costs of goods sold.First chart looks like this (A) sewing (blank fill in the blank)(B) finished goods (fill in the blank)(C) cost of goods sold (fill in the blank) Required 2 journal entry worksheet date June 30 A record the goods transferred from weaving to sewingB record the goods transferred from sewing to finished goods C record the sale of goods on accountD record the cost of goods sold

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11 Beginning Ending Inventory Inventory Raw materials inventory $ 140, 000 $ 197,000 Work in process inventory-Weaving 365,000 480, 000 Work in process inventory-Sewing 635, 000 870, 000 Finished goods inventory 1, 316, 000 1, 216, 000 1 of 2 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) $ 670,000 Factory payroll cost (paid in cash) 3, 295, 000 Other factory overhead cost (Other Accounts credited) 178,000 Book Materials used Direct-Weaving $ 302,000 Hint Direct-Sewing 99, 000 Indirect 160,000 Print Labor used Direct-Weaving $1, 250, 000 Direct-Sewing 470, 000 Indirect 1, 575, 000 Overhead rates as a percent of direct labor Weaving 90% 165% Sewing Sales (on credit) $5,400, 000

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