Raw materials inventory Work in process inventory-weaving Work in process inventory-Sewing Finished goods inventory Baganning Inventory $ 166,000 Ending Inventory $285,000 340,000 715,000 1,426,000 430,000 790,000 1,286,000 The following additional Information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Other actual overhead cost (paid in cash) Materials used Direct-Weaving Direct-Sewing used Direct- -Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Mhaving Sewing Sales (on credit) $ 650,000 180,000 $ 318,000 129,888 142,000 $1,300,000 500,000 1,525,000 90% 178% $ 5,850,000 equired: Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, nd (c) cost of goods sold. Hint Compute the total production costs in each department and then subtract the ending inventory to get e amount transferred out of each department. Prepare journal entries dated June 30 to record (8) goods transferred from weaving to sewing, (b) goods transferred from sewing to nished goods, (c) sale of finished goods, and (d) cost of goods sold. Answer is complete but not entirely correct. 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 A June 30 General Journal Work in process inventory-Sewing Work in process inventory-Weaving B June 30 Finished goods inventory June 30 Work in process inventory-Sowing Accounts receivable Sales D June 30 Cost of goods sold Finished goods inventory 00 00 00 00 Debit 2.688,000 Credit 2,608,000 5,241,000 5,241,000 4,545,000 4,545,000 5,381,000* 5,381,000