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: The following additional information describes the company's manufacturing activities for June: Exercise 16-24 (Algo) Entries for transfer of goods across departments LO P4 Required: 1. Compute the (o) cost of products transferred from weoving 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. Prepore journol entries dated June 30 to record (a) goods transferred from weaving to sewing. (b) goods transferred from sewing to finished goods, (c) sole of finished goods, and (d) cost of goods sold. Complete this question by entering your answers in the tabs below. Compute the (a) cost of products transterred from weaving to sewing. (b) cest of products transforred from siming to finished goods, and (c) cost of goods sold. Complete this question by entering your answers in the tabs below. 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. A Record the goods transferred from weaving to sewing. B. Record the goods transferred from sewing to finished goods. c Record the sale on credit. Record the cost of goods sold. Credit Note : = joumal entry has been entered 1. Prepare journal entries dated June 30 to record: (a) raw materials purchases, (b) direct materials used, (c) indirect materials used, (d) direct labor used, (e) indirect labor used, (f) other actual overhead costs, and (g) overhead applied. 1 Record the purchase of raw materials on account. 2 Record the usage of direct materials. 3 Record the usage of indirect materials. 4 Record the cost of direct labor incurred, but not yet paid. 5 Record the cost of indirect labor incurred, but not yet Credit paid. 6 Record other overhead costs paid with cash. 7 Record the application of overhead. Note : C= joumal entry has been entered