Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Beginning Ending Inventory Inventory Raw materials inventory $ 120,000 $ 185,000 Work in process inventory-Weaving 300, eee 330, eee Work in process inventory-Sewing 570, eee 700, eee Finished goods inventory 1,266, eee 1,206,eee The following additional information describes the company's manufacturing activities for June: $ 500,000 3,060, eee 156,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) other factory overhead cost (other Accounts credited) Materials used Direct-Weaving Direct-Sewing ndirert $ 240.eee 75,000 1A ADA S : 156,000 1 $ 240,000 75,000 120,000 Part 1 of 2 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 con credit) $1,200,000 360, 808 1,500,000 50 points 80% 150% $4,000,000 eBook Hint Print 1. Compute the (a) cost of products transferred from weaving to sewing. (b) cost of products transferred from sewing to and (c) cost of goods sold 2. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing. (b) goods transferred f finished goods, (c) sale of finished goods, and (d) cost of goods sold References