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Pro we've manufactures stadium blanket by passing the products the ravens in department and a sewing department The following information is available regarding its june
Pro we've manufactures stadium blanket by passing the products the ravens in 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 $ 194,000 420,000 695,000 1,316,000 Ending Inventory $ 277,000 395,000 910,000 1,436,000 570,000 3, 470,000 204,000 262,000 123,000 134,000 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) $1,325,000 570,000 1,575,000 808 170% $4,850,000 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 RARE Required 2 > Skipped Journal entry worksheet 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 1 of 2 Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transfer finished goods, (c) sale of finished goods, and (d) cost of goods sold. View transaction list kipped Journal entry worksheet Book Hint Record the sale of goods on account. Print Note: Enter debits before credits Date General Journal Debit Credit June 30 Record entry Clear entry View general Journal View transaction list nts Skipped Journal entry worksheet The following additionql describes the companies manufacturing activities for june:
1. Compute the (A) cost of Products transferred from weaving to sewing, (B) cost of products transferred from selling to finish goods, and (C) sale a finished goods, and (B) cost of goods sold.
2. prepare journal entries dated June 30 to record (A) goods transferred from weaving to sewing, (B) goods transferred from selling to finished goods, (C) sale of finished goods, and (d) cost of good sold.
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