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?

Based on the information, how would I compute the cost of productstransferred from weaving to sewing, the cost of products transferred from sewing

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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