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How do I calcuate the total cost for part 1 a b and c ? Required information Use the following information for the Exercises below.
How do I calcuate the total cost for part 1 a b and c ?
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: Beginning Ending Tr Raw materials inventory $281,000 350,000 835,000 1,246,000 128,000 490,000 635,000 1,346,000 Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory The following additional information describes the company's manufacturing activities for June: (on credit) Raw materials purchases 540,000 3,530, 000 168,000 Factory wages cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect 254, 000 129,000 164,000 Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $1,375,000 430,000 1,725,000 90% 165% $4,700,000 Exercise 16-14 Production cost flow and measurement; journal entries LO P1, P2, P3, 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, and (c) sale of finished goods. 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 Required 1 Required 2 > Complete this question by entering your answers in the tabs below. 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, and (c) sale of finished goods .... View transaction list View journal entry worksheet .... General Journal No Date Debit Credit Work in process inventory-Sewing June 30 Work process inventory-Weaving Finished goods inventory 2 June 30 Work process inventory-Sewing Accounts receivable 3 June 30 Sales 4 June 30 Cost of goods sold Finished goods inventory Required 1 Required 2Step by Step Solution
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