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Pro-Weave manutactures stadlum blankets by passing the products through a weaving department and a sewing department. The tollowing Information Is avallable regarding ts June Inventorie6
Pro-Weave manutactures stadlum blankets by passing the products through a weaving department and a sewing department. The tollowing Information Is avallable regarding ts June Inventorie6 Eegiming Ending inventory aw materlals Inventoy Work in process Inventory Weaving Work in process Inventory-Sewing Finlahed goods Inventory 5 200,000 440.000 685.000 1.436,000 5 205,000 420.000 735.000 1.396,000 The tollowing addirional Intormation describes the company's manutacturing actities for June aw materlals purchaee (on credar) Factory payroll cost (pald in cash) Otner factory overnead coet (otner Accounts creditec) Materlals used 5 605,000 3,120,000 190.000 5 256,000 108.000 146.000 ndlrect Labor ueed 51,375,000 520000 1,725.00 ndlrect Ovemead rates as a percent of direct labor Weaving Sewing 80% 150% 54900,000 Sales (on crea 1. Compute the (a) cst o products transterred from weaving to sewlng. () cost of products transterred from ewing to finlahed goods, and (c)coet of goods sold. (a) From weaving to ( From sewing to nilshed goods (c) Cost of goods sol 2. Prepare Journal entriles dated June 30 to record (a) goods transterred from weaving to sewing. () goods ransterred from sewing to inlahed goods, and (c) sale of lshed goods. View transacion list Journal entry worksheet Record the goods transferred from weaving to sewing. Date Debit Credit June 30 Record entry Clearentry View gnral journal
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