Question: Based on the information, how would I compute the cost of products transferred from weaving to sewing, the cost of products transferred from sewing to
Based on the information, how would I compute the cost of products transferred from weaving to sewing, the cost of products transferred from sewing to finished products, and the cost of goods sold?


Required information [T he following information applies to the questions displayed belo w.] ProWeave 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 $ 142,000 $ 221,000 Work in process inventoryWeaving 330,000 400,000 Work in process inventory-Sewing 720,000 810,000 Finished goods inventory 1,376,000 1,476,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) 5 660,000 Factory payroll cost (paid in cash) 3,235,000 other factory overhead cost (other Accounts credited) 214,000 Materials used DirectWeaving S 244,000 DirectSewing 111,000 Indirect 122,000 Labor used DirectWeaving $1,200,000 DirectSewing 435,000 Indirect 1,600,000 Overhead rates as a percent of direct labor Weaving 85% Sewing 165% Sales (on credit) $4,200,000
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