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 Inventory			Ending Inventory
Raw materials inventory	$	132,000		$	233,000
Work in process inventoryWeaving		390,000			375,000
Work in process inventorySewing		590,000			890,000
Finished goods inventory		1,386,000			1,446,000

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

Raw materials purchases (on credit)	$	525,000
Factory wages cost (paid in cash)		3,380,000
Other factory overhead cost (Other Accounts credited)		166,000
Materials used
DirectWeaving	$	310,000
DirectSewing		150,000
Indirect		122,000
Labor used
DirectWeaving	$	1,200,000
DirectSewing		530,000
Indirect		1,650,000
Overhead rates as a percent of direct labor
Weaving		85	%
Sewing		155	%
Sales (on credit)	$	5,200,000

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.

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 betore credits Date June 30 General Journal Debit Credit Record entry Clear entry Mew general journal Journal entry worksheet Recart the oods randihed geods Note: Enter debits befare 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 DebitCredit June 30 Record entry Clear entry View general journgl Journal entry worksheet Record the cost of goods sold Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry Miew general journal