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

$[$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 P$4$ Required:

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.

Hint. Compute the total production costs in each department and then subtract the ending inventory to get the amount

transferred out of each department.

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.

Complete this question by entering your answers in the tabs below.

Required $1$

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.

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

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

$($c$)$ Cost of goods sold

Required information

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

Journal entry worksheet

A

B

C

D

Record the goods transferred from weaving to sewing.

Note: Enter debits before credits. $(1)$

Required information

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.

Journal entry worksheet

A

D

Record the goods transferred from sewing to finished goods.

Note: Enter debits before credits.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.

Journal entry worksheet

A

B

C

D

Record the sale on credit.

Note: Enter debits before credits.