von Help Save 2 Required information 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 $ 120,000 300,000 570,000 1,266,800 Ending Inventory $ 185,000 330,000 700,000 1,206,080 The following additional information describes the company's manufacturing activities for June: $ 500,000 3,060,000 156,000 $ 240,000 75,000 120,000 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 (on credit) $1,200,000 360,000 1,500,000 804 150 $4,000,000 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. Help Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) 1.5. 8 1505 34,000,000 12 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. ) goods transferred from sewing to finished goods, (c) sale of finished goods, and (d) cost of goods sold. k Complete this question by entering your answers in the tabs below. 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. ces (a) Sewing (b) Finished Goods (c) Cost of goods sold Required 2 > Next > Next > Required information Required 1 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. View transaction list Journal entry worksheet