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Question 11. Thank you for the help, much appreciated! Please comment if you need anything. 11. 2.00 points Pro-Weave manufactures stadium blankets by passing the
Question 11. Thank you for the help, much appreciated! Please comment if you need anything.
11. 2.00 points 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: Raw materials inventory Work in process inventoryweaving Work in process inventorysewing Finished goods inventory Beginning Inventory s 138,000 425,000 725,000 Ending Inventory s 265,000 390,000 770,000 The following additional information describes the company's manufacturing activities for June Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Directweaving Directsewing Indirect Labor used Directweaving Directsewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) s 605,000 160,000 s 258,000 123,000 188,000 415,000 1,650, ooo goo,', 170% 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 (a) (b) (c) From weaving to sewing From sewing to finished goods Cost of goods sold
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