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	$	184,000		$	217,000
Work in process inventoryWeaving		480,000			365,000
Work in process inventorySewing		690,000			815,000
Finished goods inventory		1,396,000			1,446,000

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

Raw materials purchases (on credit)	$	625,000
Factory wages cost (paid in cash)		3,420,000
Other factory overhead cost (Other Accounts credited)		170,000
Materials used
DirectWeaving	$	244,000
DirectSewing		138,000
Indirect		136,000
Labor used
DirectWeaving	$	1,275,000
DirectSewing		545,000
Indirect		1,600,000
Overhead rates as a percent of direct labor
Weaving		85	%
Sewing		160	%
Sales (on credit)	$	5,000,000

rev: 02_19_2019_QC_CS-159475

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.

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 Cost of goods (C) sold Journal entry worksheet 2 4 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 Journal entry worksheet Record the sale of goods on account. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal Journal entry worksheet 2 Record the cost of goods sold. Note: Enter debits before credits. Date General Journal DCredit Debit June 30 Record entry Clear entry View general journal