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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	$	136,000		$	217,000
Work in process inventoryWeaving		430,000			515,000
Work in process inventorySewing		630,000			750,000
Finished goods inventory		1,416,000			1,326,000

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

Raw materials purchases (on credit)	$	555,000
Factory payroll cost (paid in cash)		3,390,000
Other factory overhead cost (Other Accounts credited)		208,000
Materials used
DirectWeaving	$	292,000
DirectSewing		126,000
Indirect		188,000
Labor used
DirectWeaving	$	1,325,000
DirectSewing		540,000
Indirect		1,525,000
Overhead rates as a percent of direct labor
Weaving		80	%
Sewing		155	%
Sales (on credit)	$	4,850,000

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.

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. (a) Sewing (b) Finished Goods (c) Cost of goods sold Required 1 Required 2 > 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 Record the goods transferred from weaving to sewing. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal Required 1 Required 2 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage, (c) indirect materials usage, (d) direct labor usage, (e) indirect labor usage, (f) other overhead costs, (g) overhead applied, and (h) payment of total payroll costs. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > Record the purchase of raw materials on account. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry View general journal Journal entry worksheet Record the cost of indirect labor incurred, but not yet paid. Note: Enter debits before credits. General Journal Debit Credit Transaction (e) Record entry Clear entry View general journal Journal entry worksheet Record the cost of other overhead (credit Other accounts). Note: Enter debits before credits. General Journal Debit Credit Transaction (1) Record entry Clear entry View general journal Journal entry worksheet Record the payment of total factory payroll. Note: Enter debits before credits. General Journal Debit Credit Transaction (h) Record entry Clear entry View general journal

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