[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 Ending Inventory Inventory Raw materials inventory $ 120,000 $ 185,000 Work in process inventory-Weaving 300,000 330,000 Work in process inventory-Seving 570,000 700,000 Finished goods inventory 1,266,000 1,206,000 The following additional information describes the company's manufacturing activities for June raw materials purchases (on credit) $ 500,000 other actual overhead cost (paid in cash) 156,000 Materials used Direct Weaving 5.240,000 Direet-sewing 75.000 Indirect 120.000 Labor used - Direct-Weaving $ 1.200,000 Direct-Seving 360,000 Indirect 1.224.000 overhead rates as a percent of direct labor Weaving B01 Sewing 1500 sales con credit) $4,000,000 1. Compute the (a) cost of products transferred from weaving to sewing, () 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 () 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