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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:

$$Beginning InventoryEnding InventoryRaw materials inventory$ $162,000$$ $241,000$Work in process inventory$$Weaving$455,000370,000$Work in process inventory$$Sewing$595,000965,000$Finished goods inventory$1,386,0001,236,000$

The following additional information describes the company$$s manufacturing activities for June:

Raw materials purchases $($on credit$)$$ $560,000$Other actual overhead cost $($paid in cash$)162,000$Materials used$$Direct$$Weaving$ $300,000$Direct$$Sewing$81,000$Indirect$154,000$Labor used$$Direct$$Weaving$ $1,375,000$Direct$$Sewing$560,000$Indirect$1,525,000$Overhead rates as a percent of direct labor$$Weaving$90\%$Sewing$155\%$Sales $($on credit$)$$ $5,350,000$

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 the amount transferred out of each department.

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.

transferred from weaving to sewing is $2997500$