department. The following information is available regarding its june inventories: Raw materials inventory Work in process inventory-Veaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 120,000 300,000 570, eee 1,266,000 Ending Inventory $ 185, eee 330,000 700,000 1,206, eee The following additional information describes the company's manufacturing activities for June: $ 500, eee 3,060, eee 156, eee $ 240,000 75,000 120,000 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 percent of direct labor Weaving Sewing Sales (on credit) $1,200,000 360,000 1,500,000 80% 150 $4,000,000 Required information 1. Compute the f) 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 (0) Cost of goods sold A B C D Record the goods transferred from weaving to sewing. Note: Enter debits before credits: Date June 30 General Journal Debit Credit ces Record entry Clear entry View general Journal