Pro-Weave manufactures stadium blankets by passing the products through a weaving department and then a sewing department. The following information is available regarding its June inventories: Beginning Inventory Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Ending Inventory $ 182,000 480,000 $ 249,000 460,000 930,000 1,306,000 590,000 1,466,000 The following additional information describes the company's manufacturing activities for June: 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) $ 555,000 160,000 $ 310,000 120,000 158,000 $ 1,300,000 585,000 1,550,000 90% 170% $ 4,750,000 Required: 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. Hint. Compute the total production costs in each department and then subtract the ending inventory to get the amount transferred out of each department. 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. 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) Transferred from Weaving to Sewing (b) Transferred from Sewing to Finished Goods (c) Cost of goods sold Required 1 Required 2 > Journal entry worksheet A B C D Record the goods transferred from weaving to sewing. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < A B C D Record the goods transferred from sewing to finished goods. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet A B C D Record the sale on credit. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < A B C Record the cost of goods sold. D Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal