Pro-Weave manufactures stadium blankets by passing the products through a weaving depa department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 140,000 475,000 625,000 1,306,000 Ending Inventory $ 189,000 420,000 950,000 1,316,000 The following additional information describes the company's manufacturing activities for Jun $ 680,000 206,000 $ 300,000 117,000 180,000 Raw materials purchases (on credit) other actual overhead cost (paid in cash) 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) $ 1,200,000 530,000 1,575,000 85% 160% $ 5,400,000 Required: 1. Compute the (n) cost of products transferred from weaving to sewing (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. Hint Compute the total production costs in each department and then subtract the ending Inventory to pet the amount transferred out of each department 2. Prepare journal entrles dated June 30 to record(a) goods transterred 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, (5) cost of products trentferred from sawing to finished goods, and (c) cost of goods sold. Transferred from Weaving to Sewing Transtered trom Sewing to Finished Goods 1o Cost of goods sold Complete this question by entering your answers in the tabs below. Required 1 Required 2. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from finished goods, (C) sale of finished goods, and (d) cost of goods sold. View transaction list Journal entry worksheet Record the goods transferred from weaving to sewing. Note: Enter debits before credits