Required Information

Use the following information for the Exercises below. $($Algo$)$

$[$The following informotion opplies to the questions disployed below.$]$

Pro$-$Weove manufactures stadium blankets by passing the products through $$ weaving department and then $$ sewing

department. The following information is available regarding its June inventories:

The following additional information describes the company's manufacturing activities for June:

Exerclse $20-24($Algo$)$ Entrles for transfer of goods across departments LO P$4$

Requlred:

Compute the $($a$)$ cost of products transferred from wesving to sewing. $($b$)$ cost of products tronsferred from sewing to finished

goods, and $($c$)$ cost of goods sold. Hint. Compute the total production costs in each department and then subtract the ending

inventory to get the omount transferred out of each department.

$2$ Prepare journal entries dated June $30$ to record $($a$)$ goods transferred from wesving to sewing. $($b$)$ goods transferred from sewing

to finished goods, $($c$)$ sole of finished goods, and $($d$)$ cost of goods sold.

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.

$($a$)$ Transferred from Weaving to Sewing

$($b$)$ Transferred from Sewing to Finished Goods

$($c$)$ Cast of goods sold Answer $1$ and $2$