Chapter 16 - Exercise Hele Check 7 Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is wlable regarding its June inventories Heginning EN Inventary Inventory Materials inventory $104,66 $ 249,00 work in process Inventory-Weaving 300,000 505. Work in process inventory Seving 655.000 770, Finished goods inventory Part of The following additional information describes the company's manufacturing activities for June How materinis purchases Ice credit Factory payroll cost (paid in casa other factory overhead cost (other Accounts credited) Materials used Direct Weaving Direct-Seving Todirect Laber used Direct-Weaving Direct-Seving Indirect Overhead rates as a percent of direct labor weaving Seving Sales con credit) 675,000 3,415,600 216,00 $ 205,00 123.00 114,000 $1,350.000 465,000 1.600, 854 160 54,350,000 Exercise 16-14 Production cost flow and measurement journal entries LO P4 1. Compute the 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. (b) goods transferred from sewing to finished goods, ( sale of finished goods, and (d) cost of goods sold Me