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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 a sewing department. The following information is available regarding its June inventories:

Required information 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: Beginning Ending Inventory Inventory Raw materials inventory $ 154,000 $ 201, 000 Work in process inventory-Weaving 445,000 395,000 Work in process inventory-Sewing 725,000 850,000 Finished goods inventory 1,336,000 1, 266, 000 The following additional information describes the company's manufacturing activities for June $ 590,000 3,630,000 198, 000 $ 242, 000 135,000 178,000 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) $1,275,000 580,000 1,775,000 85% 160% $5,300,000 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 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 Required 2 > View transaction list Journal entry worksheet A B C D 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 View transaction list Journal entry worksheet Record the goods transferred from sewing to finished goods. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the sale of goods on account. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet

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