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-leaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 174,000 415,000 710,000 1,466,000 Ending Inventory $ 273,000 505,000 740, eee 1,496,000 The following additional information describes the company's manufacturing activities for June: $ 595,000 3,410,000 188,000 $ 258,000 144,000 158,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Seuring Indirect Labor used Direct-leaving Direct-Seuring Indirect Overhead rates as a percent of direct labor weaving Sering Sales (on credit) $1,275,000 535,000 1,600,000 85% 155% $4,050,000 Exercise 16-14 Production cost flow and measurement; journal entries LO 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, (c) sale of finished goods, and (d) cost of goods sold. 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. (C) sale of finished goods, and (d) cost of goods sold. Answer is not complete. 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 cost of goods sold. (a) $ 2.285,750 Sewing Finished Goods Cost of goods sold c Required 2 > Complete this question by entering your answers in the tabs below. 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, (C) sale of finished goods, and (d) cost of goods sold. No Date General Journal Debit Credit A June 30 Work in process inventorySewing Work in process inventory_Weaving B June 30 Finished goods inventory Work in process inventory-Sewing C June 30 Accounts receivable Sales June 30 Cost of goods sold Finished goods inventory