The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 12,850 1,680 $ 14,530 385,000 198,240 583,240 $ 597,770 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Direct Materials Conversion Percent Percent Units Complete 1,500 100% Complete 20% 35,000 34,500 2,000 100% 60% Prepare a production cost report using the FIFO method. Note: Round "Cost per EUP" to 2 decimal places. 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) Transferred from Weaving to Sewing $ 78,000 (b) Transferred from Sewing to Finished Goods $ 475,000 (c) Cost of goods sold $ 196,000 x pt1 < Required 1 Required 2 > Required 1 Required 2 pt2 Prepare journal 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 (d) cost of goods sold. No Date A June 30 B June 30 General Journal Work in process inventory-Sewing Work in process inventory-Weaving Factory wages payable Finished goods inventory Work in process inventory-Sewing Accounts receivable C June 30 Sales D June 30 Cost of goods sold Finished goods inventory < Required 1 Required 2 > Debit Credit 945,000X 385,000X 1,330,000 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases. (b) direct materials used. (c) indirect materials used. (d) direct labor used, (e) indirect labor used, (f) other actual overhead costs, and (g) overhead applied. View transaction list View journal entry worksheet No Transaction pt3 General Journal Debit Credit #10-11 PCA