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 leaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 162,000 310,000 595,000 1,386,000 Ending Inventory $ 241,000 450, een 765,000 1,436,000 The following additional information describes the company's manufacturing activities for June $ 520,000 202,000 $ 308,000 117,000 166,000 Raw materials purchases (on credit) Other actual overhead cost (paid in cash) 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 (on credit) 2,400,000 485.000 1,750,000 35% 165% $ 5,100,000 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 Pranara ornal entriecated into real de transferred from with wind hinandes transferred from twinnt Required: 1. Compute the faj 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 tromweaving to sewing. (b) goods transferred from sewing to finished goods, (c) sale of finished goods, and (dl) cost of goods sold. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the(a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and cost of goods sold. Hint: Compute the total production costs in each department and then nubtract the ending Inventory to get the amount transferred out of each department. Hint Compute the total production costs in each department and then subtract the ending inventory to get the amount transferred out of each department () Transferred to Sewing from Weaving (b) Transferred to Finished Goods from Sewing (c) Cost of goods sold Required 2 > Journal entry worksheet Record the cost of goods sold. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal