Required Information Use the following information for the Exercises below. (Algo) [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 Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Ending Inventory $ 154,000 $ 229,000 350,000 730,000 1,316,000 370,000 240,000 1,326,08 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Other actual overhead cost (paid in cash) Materials used $515,00 Direct-Weaving $266,000 Direct-Sewing 117,000 Indirect Labor used 136,800 Direct-weaving Direct-Sewing 445,0 Indirect 1,658,000 Overhead rates as a percent of direct labor Weaving Sewing 165% Sales (on credit) $5,350,000 Exercise 3-24 (Algo) Entries for transfer of goods across departments LO P4 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. liai Transferred from Weaving to Sewing