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		$	201,000
Work in process inventoryWeaving		405,000			335,000
Work in process inventorySewing		675,000			965,000
Finished goods inventory		1,276,000			1,456,000

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

Raw materials purchases (on credit)	$	595,000
Factory payroll cost (paid in cash)		3,405,000
Other factory overhead cost (Other Accounts credited)		170,000
Materials used
DirectWeaving	$	296,000
DirectSewing		117,000
Indirect		126,000
Labor used
DirectWeaving	$	1,225,000
DirectSewing		455,000
Indirect		1,725,000
Overhead rates as a percent of direct labor
Weaving		85	%
Sewing		155	%
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.

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 Journal entry worksheet Record the goods transferred from weaving to sewing. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal 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 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