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[The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing the products through a weaving department and then a sewing
[The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets by passing the products through a weaving department and then a sewing department. The following information is available regarding its June inventories: The following additional information describes the company's manufacturing activities for June: Exercise 3-24 (Algo) Entries for transfer of goods across departments LO P4 ?equired: - Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, ind (c) cost of goods sold. Hint. Compute the total production costs in each department and then subtract the ending inventory to get he amount transferred out of each debartment. 2. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from sewing to inished goods, (c) sale of finished goods, and (d) cost of goods sold
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