[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:

	Beginning Inventory			Ending Inventory
Raw materials inventory	$	162,000		$	209,000
Work in process inventoryWeaving		470,000			435,000
Work in process inventorySewing		590,000			790,000
Finished goods inventory		1,376,000			1,426,000

The following additional information describes the companys manufacturing activities for June:

Raw materials purchases (on credit)	$	605,000
Factory payroll cost (paid in cash)		3,495,000
Other factory overhead cost (Other Accounts credited)		178,000
Materials used
DirectWeaving	$	268,000
DirectSewing		105,000
Indirect		180,000
Labor used
DirectWeaving	$	1,400,000
DirectSewing		495,000
Indirect		1,600,000
Overhead rates as a percent of direct labor
Weaving		80	%
Sewing		155	%
Sales (on credit)	$	4,750,000

1. 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. 2. 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.

(a) Sewing

(b) Finished Goods

(c) Cost of goods sold

Journal entry worksheet

• Record the goods transferred from weaving to sewing.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
June 30

etc...