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Required information [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 $ 120,000 410,000 620,000 1,346,000 Ending Inventory $ 277,000 520,000 970,000 1,266,000 The following additional information describes the company's manufacturing activities for June: $ 600,000 3,455,000 182,000 $ 292,000 141,000 122,000 Raw materials purchases (on credit) Factory payroll 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) $1,225,000 580,000 1,650,000 80% 155% $5,100,000 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the t Required 1 Required 2 Compute the (a) cost of products transferred from weaving to se goods, and (c) cost of goods sold. (a) Sewing (b) Finished Goods (c) Cost of goods sold $ $ $ 2,377,000 3,647,000 3,727,000 Required 1 Required 2 Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred fro finished goods, (c) sale of finished goods, and (d) cost of goods sold. View transaction list View journal entry worksheet Date Credit No General Journal Work in process inventory-Sewing Work in process inventoryWeaving Debit 2,377,000 June 30 2,377,000 B June 30 3,647,000 Finished goods inventory Work in process inventorySewing 3,647,000 June 30 5,100,000 Accounts receivable Sales 5,100,000 D June 30 3,727,000 Cost of goods sold Finished goods inventory 3,727,000