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: Raw materials inventory Mork in process inventory-Weaving. Mork in process inventory-Sewing Finished goods inventory Beginning Inventory Ending Inventory $142,000 $205,000 310,000. 550,000 720,000 1,396,000 700,000 1,356,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) $600,000 Factory payroll cost (paid in cash) 3,285,000 other factory overhead cost (Other Accounts credited) 202,000 Materials used Direct-Weaving $316,000 Direct-Bewing Indirect Labor used Direct-Weaving 102,000 154,000 $1,375,000 Direct-Seving 385,000 Indirect 1,525,000 Overhead rates as a percent of direct labor Weaving 80% Seving 1559 Sales (on credit) $5,150,000 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 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.