10. Cost of goods transferred out and cost of goods sold. (2 pages to this problem) Pro-Weave manufactures stadium blankets by passing the products through a Weaving department and then a Sewing department. This following information is available regarding its June inventories. Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory Ending Inventory $ 120,000 300,000 $ 185,000 330,000 570,000 1,266,000 700,000 1,206,000 The following additional information describes the company's manufacturing activities for June. Raw materials purchases (on credit) Other actual overhead cost (paid in cash) $500,000 156,000 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) $240,000 75,000 120,000 $1,200,000 360,000 1,224,000 80% 150% $4,000,000