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 avaliable regarding its June Inventories: Beginning Inventory $ 18, Bre, materials Inventory Work in process inventoryving Work in process Inventory-Seding Finished goods Inventory Ending Inventory 209,bee 455,000 Based 1.426,6 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 Account credited) Materials used Direct-weaving Direct-Sewing Indirect Labor used Direct- saving Direct-Sewing Indirect Overhead rates an percent of direct Weaving Sewing Sales con credit) 615.00 3,175,000 178,000 112,000 126,00 148.000 $1,225,000 1,525,000 10 54.52. 1. Compute the fa cost of products transferred from weaving to sewing, bj 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, sale of finished goods, and cost of goods sold Complete this question by entering your answers in the tabs below. Required: Required 2 Compute the acort of products transferred from weading to sewing (5) cost of products transferred from sewing to finisher goods and (c) cont of goods sold. Sewing Finished Goods Cost post Required 2 > 1. compute the al cost of products transferred from weaving to sewing, b) cost of products transferred from sewing to finished goods, and cost of goods sold. Prepare oumal entries dated June 30 to record a goods transferred from weaving to sewing. (b) goods transferred from sewing to finished goods. (c) sale of finished goods, and a cost of goods sold. Complete this question by entering your Required Re Prepare journal entries dated June 30 to record a good transferred from weaving to sewing, but goods transferred from sewing finished goods sale of finished goods and Idy cost of goods sold View transaction llat Journal entry worksheet Record the goods cansferred from weaving to sewing, Note: Enter debits before credis. a. General Dou June 30 Record entry Claar entry Required 1 1. Prepare youmal entries dated June 30 to records raw materials purchases, direct materials usage. Io indirect materials usage direct Isbor usage. le Indirect labor usage other overhead coses, igl overhead applied, and payment of total payroll costs Journal entry worksheet 1 2 3 4 5 Record the purchase of raw materials on account Transactor V Required Information The following information applies to the questions displayed below.] Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 775.000 units of product to the second process. Additional Information for the first process follows. At the end of November, work in process inventory consists of 195.000 units that are 60% complete with respect to conversion. Beginning work in process inventory had $441,350 of direct materials and $89.200 of conversion cost. The direct material cost added in November is $2.953.650. and the conversion cost added is $1.694,800. Beginning work in process consisted of 70,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion of the units completed, 70,000 were from beginning work in process and 705,000 units were started and completed during the period. 2 Compute both the direct material cost and the conversion cost per equivalent unit. Cost per equivalent unit of production Materials Conversion Costs Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required information (The following information applies to the questions displayed below) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 775.000 units of product to the second process. Additional Information for the first process follows. At the end of November, work in process Inventory consists of 195.000 units that are 60% complete with respect to conversion. Beginning work in process Inventory had $441,350 of direct materials and $89,200 of conversion cost. The direct material cost added In November is $2,953,650, and the conversion cost added is $1.694.800. Beginning work in process consisted of 70.000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion of the units completed, 70,000 were from beginning work in process and 705,000 units were started and completed during the period 3. Compute the direct material cost and the conversion cost assigned to units completed and transferred out and ending work in process Inventory. (Round "Cost per EUP" to 2 decimal places.) as inventory EUP Cost per EUP Total cost Cost of units transferred out: Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total costs of ending work in process Total costs accounted for Cost per EUP Total cost 000 0001