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please help! Required information [The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing the products through a weaving department
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Required information [The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing the products through a weaving department and then a sewing department. The following information is avallable regarding its June inventories: The following additional information describes the company's manufacturing activities for June: Required: 1. Compute the (o) cost of products transferred from weaving to sewing. (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. Hint. Compute the total production costs in each department and then suburact the ending inventory to get the amount transferred out of each department. 2. Prepare journal entries dated June 30 to record (o) goods transferred from weaving to sewing. (b) goods transferred from sewing to finished goods, (c) sole of finished goods, and (d) cost of goods sold. 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used. (c) indirect moterials used, (d) direct labor used, (e) indirect labor used, (f) other actual overheod costs, and (g) overhead applied Step by Step Solution
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