ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUr homework i Saved 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: Beginning Ending Inventory Inventory Raw materials inventory $ 160, 000 S 269 , 000 Work in process inventory-Weaving 480 , 000 455,000 Work in process inventory-Sewing 640,000 845, 000 Finished goods inventory 1, 306, 000 1, 406,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) $ 610,000 Factory payroll cost (paid in cash) 3, 330, 000 Other factory overhead cost (Other Accounts credited) 196 , 000 Materials used Direct-Weaving $ 286,000 Direct-Sewing 93, 000 Indirect 150, 000 Labor used Direct-Weaving $1, 300, 000 Direct-Sewing 430, 000 Indirect 1, 600, 000 Overhead rates as a percent of direct labor Weaving 80% Sewing 160% Sales (on credit) $4, 950, 000 1. Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished 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 sev 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 $ 1,306,000 (b) Finished Goods (c) Cost of goods sold Required 2