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	$	180,000		$	221,000
Work in process inventoryWeaving		350,000			460,000
Work in process inventorySewing		645,000			815,000
Finished goods inventory		1,356,000			1,276,000

The following additional information describes the companys manufacturing activities for June:

Raw materials purchases (on credit)	$	505,000
Factory payroll cost (paid in cash)		3,385,000
Other factory overhead cost (Other Accounts credited)		166,000
Materials used
DirectWeaving	$	256,000
DirectSewing		87,000
Indirect		134,000
Labor used
DirectWeaving	$	1,225,000
DirectSewing		410,000
Indirect		1,750,000
Overhead rates as a percent of direct labor
Weaving		85	%
Sewing		150	%
Sales (on credit)	$	4,750,000

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, (c) sale of finished goods, and (d) cost of goods sold.

Part 1 of 2 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 a sewing department. The following information is available regarding its June inventories: Beginning Ending Inventory Inventory Raw materials inventory $ 180,00 $ 221,080 Work in process inventory-Weaving 350,000 460,000 Work in process inventory-Sewing 645,000 815,000 Finished goods inventory 1,356,080 1,276,eee oints eBook The following additional information describes the company's manufacturing activities for June: Hint $ 505,000 3,385, eee 166, we Print $ 256,00 87,eee 134,00 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) $1,225,00 418,30 1,750, eee 85% 150% $4,750,00 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 Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred fro finished goods, (c) sale of finished goods, and (d) cost of goods sold. View transaction list Journal entry worksheet Record the goods transferred from weaving to sewing. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal 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 Tinished goods, 1 sat of finished goods, or goods Sola. View transaction list Journal entry worksheet Record the sale of goods on account. Note: Enter debits before credits. Date eneral Journal Debit Credit June 30 Record entry Clear entry View general journal