Raw materials inventory Work in process inventory Weaving Work in process inventory-Sawing Finished goode inventory Beginning Inventory $ 140,000 360,000 680,000 1,286,000 Ending Inventory $ 249,000 535,000 970,000 1.456,000 The following additional information describes the company's manufacturing activities for June 5 660,000 3,545,000 194,000 $ 282,000 150,000 154,000 Raw materiais purchases (on credit) Factory payroll cost (paid in cash) other factory overhead cost (Other Accounts credited) 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) $1,375,000 545,000 1,625,000 858 1705 $4,200,000 Exercise 03-14 Production cost flow and measurement, journal entries LO P4 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. 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 (d) cost of goods sold. 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 2. Prepare journal entries dated June 30 to record () goods transferred from weaving to sewing. (b) goods transferred from sewing to finished goods. (d sale of finished goods, and (d) cost of goods sold Complete this question by entering your answers in the tabs below. Required Required 2 Compute the cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finishes goods, and (c) cost of goods sold Sewing Fished Goods Cost of goods sold Required a > Ce my work HUU WA Required information 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 Journal entry worksheet Record the goods transferred from weaving to sewing. Note Enter debit before credite General Journal Deble Credit Date June 30 Record entry Clear entry View general Journal