Help Save & Exit Submi Check my work 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: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 144,000 370,000 725,000 1,406.000 Ending Inventory $ 193,000 350,000 940,000 1,406,000 The following additional information describes the company's manufacturing activities for June: $ 600,000 3,300,000 192,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect $ 250,000 75,000 144,000 Saved Help Save & Exit Sub i ne following additional information describes the companys manufacturing activities for June: Check my wor $ 500,000 3,300,000 192,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $ 250,000 75,000 144,000 $1,325,000 585,000 1,675,000 858 1650 $5,400,000 Exercise 16-14 Production cost flow and measurement; journal entries LO P4 1. 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. 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, and (d) cost of goods sold. Homework i Help Save & Exit Submit Check my work Required information Exercise 16-14 Production cost flow and measurement; journal entries LO P4 1. 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. 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, and (d) cost of goods sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Save & Exit Sub EMTA TERTIN Check my wor Required information Required 1 Required 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, and (d) cost of goods sold. View transaction list Journal entry worksheet B C D Record the goods transferred from weaving to sewing. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Required information Record the goods transferred from sewing to finished goods. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal Required information Saved Required information C D Record the cost of goods sold. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal