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 $ 200,000 $ 189,000 Work in process inventory-Weaving 495,000 335,000 Work in process inventory-Sewing 710,000 955,000 Finished goods inventory 1,326,000 1,466,000 The following additional information describes the company's manufacturing activities for June; Raw materials purchases (on credit) Factory payroll cost (paid in cash) 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 (on credit) 5 525,000 3,300,000 184,000 $ 286,000 78,000 142,000 $1,200,000 400,000 1,700,000 805 1709 $4,950,000 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