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Chapter 3 Homework 3 11 Part 1 of 2 points eBook. Required information [The following information applies to the questions displayed below.] Pro-Weave manufactures
Chapter 3 Homework 3 11 Part 1 of 2 points eBook. 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: Beginning Inventory $ 134,000 480,000 Ending Inventory $ 281,000 375,000 Hint Print Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory 720,000 1,306,000 845,000 1,236,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Seving Indirect Labor used $ 590,000 3,565,000 188,000 276,000 90,000 134,000 Direct-Weaving $1,350,000 Direct-Sewing 465,000 Indirect 1,750,000 Overhead rates as a percent of direct labor Weaving Sewing 85% 1658 Sales (on credit) $4,700,000 Help
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