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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
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: The following additional information describes the company's manufacturing activities for June: 1. Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished good 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 finished goods, and (c) sale of finished goods. Complete this question by entering your answers in the tabs below. 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. Journal entry worksheet Record the goods transferred from weaving to sewing. Note: Enter debits before credits. Journal entry worksheet Record the goods transferred from sewing to finished goods. Note: Enter debits before credits. Journal entry worksheet Record the sale of goods on account. Note: Enter debits before credits. Journal entry worksheet Record the cost of goods sold. Note: Enter debits before credits. 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor usage, (e) indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total wages costs
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