department. The following information is available regarding its June inventories: Beginning Inventory S 126, 60e 405, 575,000 1,356,000 Ending Inventory 273, eee 425, 000 910, ee6e 1,476, Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Factory wages cost (paid in cash) other factory overhead cost (Other Accounts credited) Materials used $ 578, 00e 3, 445, 00e 194,00e Direct-Weaving Direct-Sewing Indirect $ 274,000 123, 00e 122, 00e Labor used Direct-Weaving Direct-Sewing Indirect $1, 25e, 000 470, 0 1, 725, e00 Overhead rates as a percent of direct labor Weaving Sewing 85% 165% Sales (on credit) $4, 709, 800 Exercise 20-14 Production cost flow and measurement: journal entries LO P1, P2, P3, P4 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, and (c) sale of finished goods. Complete this question by entering your answers in the tabs below. Required1Required 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. 2,566,500 3,600,000 2,124,000 (a) Sewing Finished (b) Goods Cost of goodsS sold (c) |o Required 1 Required 2