Saved Help Save & Exit Subi Check my word UDENTY HUNG LIVIT TUT CACILD VEIN. [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 Tavo Raw materials inventory $ 160,000 $ 229,000 Work in process inventory-Heaving 350,000 505,000 Work in process inventory-Sewing 570,000 730,000 Pinished goods inventory 1.276.000 1,336.000 The following additional information describes the company's manufacturing activities for June 605,000 3.595,000 200,000 $ 254,000 102,600 168,000 Raw materials purchases (on credit) Factory payroll coat paid in cash) Other factory overhead coat (Other Account credited) Materials used Direct-Weaving Direct-lewing Indirect Labor used Direct-Weaving Direct-Bewing Indirect Overhead rates a percent of direct labor Weaving Sewing Sales con credit) 51.325,000 545,000 1.725,000 160 $4,400.000 Exercise 20-14 Production cost flow and measurement journal entries LO P4 1. Compute the (a) cost of products transferred from weaving to sewing. ( 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. lbl 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, cost of products transferred from swing to find goods, and (c) cost of goods sold. (a) Sewing (b) Finished Goods to) Cost of goods sold rates as a percent of direct labor Weaving Sewing Sales (on credit) 545,000 1.725,000 056 1600 $4,400,000 Exercise 20-14 Production cost flow and measurement, journal entries LO P4 1. Compute the (s) 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. D) goods transferred from sewing to finished goods. (c) sale of finished goods, and (c) cost of goods sold. Complete this question by entering your answers in the tabs below. Required: 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 at Journal entry worksheet >