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 then a sewing department. The following information is available regarding its June Inventories: Beginning Inventory Ending Inventory Raw materials inventory $ 142,000 $ 253,000 Work in process inventory-teaving 355,000 370, een Work in process inventory-Sewing 725,000 920,000 Finished goods inventory 1,476,000 1,226,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) $ 685,000 Other actual overhead cost (paid in cash) 196,000 Materials used Direct-Weaving $ 262,000 Direct-Sewing 141,000 Indirect 136,000 Labor used Direct--Weaving $1,225,000 Direct Sewing 515,000 Indirect 1,550,000 Overhead rates as a percent of direct labor Weaving 35% Sewing 155 Sales (on credit) $ 4,250,000 Required: 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. (b) goods transferred from sewing to finished goods.() sale of finished goods, and (d) 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 Suwing (b) Transferred from Sewing to Finished Goods Cost of goods sold aces Required 2 > View transaction list Journal entry worksheet Record the goods transferred from weaving to sewing. Note: Enter debits before credits. Date General Journal Debit Credit ences June 30 Record entry Clear entry View general journal