8 00 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: Raw materials inventory Beginning Inventory Ending Inventory $ 152,000 $ 185,000 0.58 points Skipped Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory 495,000 685,000 1,366,000 540,000 860,000 1,436,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) eBook Hint Materials used Direct-Weaving Direct-Sewing Indirect Labor used $ 590,000 3,340,000 168,000 $ 302,000 141,000 126,000 $1,225,000 Direct-Weaving Direct-Sewing 390,000 Indirect 1,725,000 Print Overhead rates as a percent of direct labor Weaving Sewing 80% 170% Sales (on credit) $4,350,000 References Check my work 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. 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, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. (a) Sewing (b) Finished Goods (c) Cost of goods sold