Required information Use the following information for the Exercises below. [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: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 178, eee 470, eee 745, eee 1,356, Ending Inventory $ 241, eee 5 2e, eee 920, eee 1,446, eee The following additional information describes the company's manufacturing activities for June: $ 540,000 3,675,000 192, eee $ 388,000 123,000 142, eee Raw materials purchases (on credit) Factory wages 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) $1,350, eee 575,000 1,750,000 85% 155% $4,650,000 Exercise 3-14 Production cost flow and measurement; journal entries LO P1, P2, P3, P4 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, and (c) sale of finished goods. 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) Sewing (b) Finished Goods (c) Cost of goods sold Required 1 Required 2 Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from sewing to finished goods, and (c) sale of finished goods. View transaction list Journal entry worksheet 2 3 4 Record the goods transferred from weaving to sewing. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general Journal 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials usage. (c) indirect materials usage, (d) direct labor usage, (e) indirect labor usage. (f) other overhead costs, (g) overhead applied, and (h) payment of total wages costs. View transaction list Journal entry worksheet Record the purchase of raw materials on account. Note: Enter debits before credits Transaction General Journal Debit Credit (a) Record entry Clear entry View general Journal