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: Raw materials inventory Work in process inventory-Weaving Work in process inventory Sewing Finished goods inventory Beginning Inventory $ 154,000 345,000 660,000 1,336,000 Ending Inventory $277.000 435.000 775.000 1,436.000 The following additional information describes the company's manufacturing activities for June: $ 675.000 172.000 $ 272.000 144.000 194.000 Raw materials purchases (on credit) Other actual overhead cost (paid in cash) Materials used Direct-Weaving Direct-Sewing Indirect Labor Direct--Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) por used $1,250.000 480.000 1.725.000 90% 100% $ 4,950.000 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, (c) 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 Sewing (b) Transferred from Sewing to Finished Goods (c) Cost of goods sold 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 debits before credits. Date General Journal Debit Credit June 30 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: Raw materials inventory Work in process inventory-Weaving Work in process inventory Sewing Finished goods inventory Beginning Inventory $ 154.000 345.000 660.000 1.336.000 Ending Inventory $ 277.000 435.000 775.000 1,436.000 The following additional information describes the company's manufacturing activities for June: $ 675.000 172.000 $ 272,000 144,000 194,000 Raw materials purchases (on credit) Other actual overhead cost (paid in cash) Materials used Direct-Weaving Direct-Sewing Indirect Lalor used Direct-Weaving Direct-Sewing Overhead rates as a percent of direct labor Weaving $1.250.000 480.0DD 1.725.000 Indirect Sewing 90% 100% $ 4,950,000 Sales con credit) 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used, (c) indirect materials used, (d) direct labor used, (e) indirect labor used, (f) other actual overhead costs, and (g) overhead applied. View transaction list Journal entry worksheet Record the purchase of raw materials on account. Note: Enter debits before credits. General Journal Debit Credit Transaction (a) Record entry Clear entry View general journal