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Use the following information for the Exercises below. [The following information applies to the questions displayed below] Pro-Weave manufactures stadium blankets by passing the products

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Use the following information for the Exercises below. [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: Raw materials inventory Work in process Inventory Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory 5138,000 465,000 645, eee 1,346,000 Ending Inventory $ 217,000 550,000 830,000 1,305,000 The following additional information describes the company's manufacturing activities for June $ 550,000 3,390,000 200,000 $ 252,000 99,000 125,000 Raw materials purchases (on credit) Factory payroll 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 con credit) $1,225, eee 590,000 1,575,000 90% 160x 55,250,000 Exercise 16-14 Production cost flow and measurement; journal entries LO P4 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 Complete this question by entering your answers in the tabs below. Required Requtred 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 (c) Cost of goods sold Requited Required 2 > Required 1 Required 2 Prepare journal entries dated June 30 to record (a) goods transferred from weavin finished goods, (c) sale of finished goods, and (d) cost of goods sold. View transaction list A Record the goods transferred from weaving to sewing. B Record the goods transferred from sewing to finished goods. C Record the sale of goods on account. D Record the cost of goods sold. Credi

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