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Exercise 1 6 - 2 4 Entries for transfer of goods across departments P 4 Pro - Weave manufactures stadium blankets by passing the products
Exercise Entries for transfer of goods across departments P ProWeave manufactures stadium blankets by passing the products through a Weaving department and then a Sewing department. The following information is available regarding its June inventories. The following additional information describes the company's manufacturing activities for June. Required Compute the a cost of products transferred from Weaving to Sewing, b cost of products transferred from Sewing to finished goods, and cost of goods sold. Hint: Compute the total production costs in each department and then subtract the ending inventory to get the amount transferred out of each department. Prepare journal entries dated June to record a goods transferred from Weaving to Sewing, b goods transferred from Sewing to finished goods, sale of finished goods, and cost of goods sold.
Exercise Entries for transfer of goods across departments P
ProWeave manufactures stadium blankets by passing the products through a Weaving department and then a Sewing department. The
following information is available regarding its June inventories.
The following additional information describes the company's manufacturing activities for June.
Required
Compute the a cost of products transferred from Weaving to Sewing, b cost of products transferred from Sewing to finished goods,
and cost of goods sold. Hint: Compute the total production costs in each department and then subtract the ending inventory to get
the amount transferred out of each department.
Prepare journal entries dated June to record a goods transferred from Weaving to Sewing, b goods transferred from Sewing to
finished goods, sale of finished goods, and cost of goods sold.
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