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

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	$	128,000		$	297,000
Work in process inventoryWeaving		360,000			415,000
Work in process inventorySewing		655,000			840,000
Finished goods inventory		1,436,000			1,476,000

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

Raw materials purchases (on credit)	$	665,000
Factory wages cost (paid in cash)		3,350,000
Other factory overhead cost (Other Accounts credited)		170,000
Materials used
DirectWeaving	$	250,000
DirectSewing		84,000
Indirect		170,000
Labor used
DirectWeaving	$	1,325,000
DirectSewing		445,000
Indirect		1,600,000
Overhead rates as a percent of direct labor
Weaving		80	%
Sewing		165	%
Sales (on credit)	$	4,750,000

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.

Journal entry worksheet

Record the goods transferred from weaving to sewing.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
June 30