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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

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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 Ending Inventory Inventory Raw materiala inventory $ 132,000 $ 261,000 Work in process inventory Weaving 460,000 395,000 Work in process inventory-Sewing 745,000 990,000 Finished goods inventory 1,376,000 1,256,000 The following additional Information describes the company's manufacturing activities for June: $ 575,000 3,435,000 214,000 $ 290,000 90,000 128,000 Raw materials purchases on credit) Factory payroli cont (paid in cash) other factory overhead coat (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhend rates an a percent of direct labor Weaving Sewing Sales con credit) $1,325,000 410,000 1,700,000 BON 1600 55,050,000 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 1. Compute the (a) cost of products transferred from weaving to sewing. (b) cost of products transferred from sewing to finishes 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 seu 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. () Sewing () Finished Goods (e) Cost of goods sold Required 2 > Journal entry worksheet A D 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 Required 1 Requires 2 Journal entry worksheet

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