Reguired information Use the following information for the Exercises below. 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 Ending Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory Inventory Inventory $124,000 225,000 415,000 725,000 1,276,000 1,416,000 475,000 645,000 The following additional information describes the company's manufacturing activities for June Raw materials purchases (on credit) Factory wages cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used $ 505,000 3,220,000 186,000 Direct-weaving Direct-Sewing Indirect 304,000 84,000 164,000 Labor used Direct-weaving Direct-Sewing Indirect $1,275,000 485,000 1,525,000 Overhead rates as a percent of direct labor 85% 155% Weaving Sewing Sales (on credit) $5,350,000