Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Beginning Inventory $ 156,000 485,000 730,000 1,306,000 Ending Inventory $ 293,000 430,000 965,000 1,216,000 The following additional information describes the company's manufacturing activities for Jur $ 610,000 3,320,000 216,000 $ 278,000 132,000 162,000 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) $1,325,000 445,000 1,550,000 85% 170% $5,250,000 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 485,000 730,000 A Record the goods transferred from weaving to sewing. B Record the goods transferred from sewing to finished goods. Record the sale of goods on account. D Record the cost of goods sold