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 Inventory Ending Inventory Raw materials inventory $ 178,000 $ 233,000 Work in process inventoryWeaving 495,000 490,000 Work in process inventorySewing 660,000 860,000 Finished goods inventory 1,496,000 1,286,000 The following additional information describes the companys manufacturing activities for June: Raw materials purchases (on credit) $ 650,000 Factory wages cost (paid in cash) 3,430,000 Other factory overhead cost (Other Accounts credited) 212,000 Materials used DirectWeaving $ 294,000 DirectSewing 120,000 Indirect 170,000 Labor used DirectWeaving $ 1,250,000 DirectSewing 470,000 Indirect 1,675,000 Overhead rates as a percent of direct labor Weaving 80 % Sewing 150 % Sales (on credit) $ 4,450,000

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.

Require 1:

a. sweing=

b. finished goods=

c. cost of goods and sold=

Require 2:

Journal entry worksheet

1.

Record the goods transferred from weaving to sewing.

2. Record the goods transferred from sewing to finished goods.

3. Record the sale of goods on account.

4. Record the cost of goods sold.

Date

General Journal

Debit

Credit

June 30