11 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: Part 1 of 2 - Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 130,000 355,000 680,000 1,326,000 Ending Inventory $ 233,000 370,000 760,000 1,466,000 3 points The following additional information describes the company's manufacturing activities for June: eBook $ 645,000 3,455,000 196,000 OD Hint $ 256,000 132,000 154,000 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 of direct labor Weaving Sewing Sales (on credit) Print $1,375,000 430,000 1,650,000 90% 155% $5,000,000 1. Compute the (a) 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. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. Print (a) Sewing (b) Finished Goods (c) Cost of goods sold Part 1 of 2 finished goods, (c) sale of finished goods, and (d) cost of goods sold. View transaction list 3 points X: Record the goods transferred from weaving to sewing. > eBook B Record the goods transferred from sewing to finished goods. Hint C Record the sale of goods on account. Print D Record the cost of goods sold. Credit Note : = journal entry has been entered Record entry Clear entry View general Journal