Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 164,000 430, eee 580,000 1,316,000 Ending Inventory $ 261,000 425, eee 875, eee 1,256,000 The following additional Information describes the company's manufacturing activities for June: $ 540,000 3,500,eee 168, eee $ 270,000 87, eee 158,000 Raw materials purchases (on credit) Factory wages cost (paid in cash) other factory overhead cost other Accounts credited) Materials used Direct-Weaving Direct-Sewing Ind ect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing sales (on credit) $1,375, eee 400, eee 1,725, eee 85% 155% $4,500,000 Exercise 16-14 Production cost flow and measurement; journal entries LO P1, P2, P3, P4 1. Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goo 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 finished goods, and (c) sale of finished goods. 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 (c) cost of goods sold. (a) Sewing (b) Finished Goods (c) Cost of goods sold