Saved He Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a ewing department. The following information is available regarding its June inventories: Beginning Inventory $ 180,00e 490,eee 70,000 1,416,000 Ending Inventory $ 289,000 395,000 Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory 715,000 1,356,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Factory wages cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $ 655,000 3,410,000 202,000 276,000 81,000 164,eee $1,350,eee 535,000 1,525,000 85% 155% $4,0s0,eee
arch a Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods d (c) cost of goods sold. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing. (b) goods transferred from sewing to ished goods, and (c) sale of finished goods 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. (a) Sewing (b) Finished Goods $ 1,802.000 (c) Cost of goods sold Required 2 a search 6 Complete this question by entering your answers in the tabs below. of 2 Required 1 Required 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. Book Hint View transaction list Print Journal entry worksheet 3 Record the goods transferred from sewing to finished goods. Note: Enter debits before credits.