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 Ending Inventory Raw materials inventory $ 120,000 $ 185,000 Work in process inventory-Weaving 300,000 330,000 Work in process inventory-Sewing 570,000 700,000 Finished goods inventory 1,266,000 1,286,000 The following additional information describes the company's manufacturing activities for June $ 500,000 156,888 $ 240,000 75,000 120,000 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) $ 1,200,000 360,000 1,224,889 80% 150% $ 4,000,000 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, (D) goods transferred from sewing to finished goods, (c) sale of finished goods, and () 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 (b) Transferred from Sewing to Finished Goods (c) Cost of goods sold RS Required 2 > Required 1 Required 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. View transaction list View journal entry worksheet . No Date June 30 General Journal Debit Credit Accounts payable