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 Ending Inventory Raw materials inventory $ 158,000 $ 289,000 Work in process inventoryWeaving 385,000 430,000 Work in process inventorySewing 590,000 915,000 Finished goods inventory 1,456,000 1,446,000 The following additional information describes the companys manufacturing activities for June: Raw materials purchases (on credit) $ 665,000 Other actual overhead cost (paid in cash) 204,000 Materials used DirectWeaving $ 294,000 DirectSewing 75,000 Indirect 124,000 Labor used DirectWeaving $ 1,400,000 DirectSewing 555,000 Indirect 1,650,000 Overhead rates as a percent of direct labor Weaving 85% Sewing 165% Sales (on credit) $ 5,350,000 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. 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.