Chapter 16 Homework Surved Help Save & Exit Submit Check my work 1 Required information (The following information applies to the questions displayed below. Part 1 of 2 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: 33.33 points Raw materials inventory Work in process inventory Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 150,000 465,000 715,000 1,366,000 Ending Inventory $ 301,000 415,000 820,000 1,436,000 eBook Hint The following additional information describes the company's manufacturing activities for June: 1 $ 585,000 3,625,000 156,000 Part 1 of $ 302,000 129,000 138,000 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) () 33.33 points $1,275,000 575,000 1,775,000 OK 90% 170% $4,100,000 Hint Print 1. Compute the (n) 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, References Complete this question by entering your answers in the tabs below. Required 1 Required 2 finished Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing goods, and (c) cost of goods sold. (a) Sewing c) 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