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: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 182,000 345,000 Ending Inventory $ 257,000 410,000 770,000 665,000 1,416,000 1,486,000 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) $ 615,000 210,000 $ 274,000 132,000 126,000 $ 1,400,000 595,000 1,650,000 80% 155% $ 4,950,000 Required: . 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 he 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 inished 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) Transferred from Weaving to Sewing S 2,730,000 (b) Transferred from Sewing to Finished Goods (c) Cost of goods sold S 4,274,250 S 4,204,250 Required 1 Required 2