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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
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 then a sewing department. The following information is available regarding its June inventories: Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory. Beginning Inventory Ending Inventory $ 150,000 $217,000 480,000 890,000 1,356,000 330,000 660,000 1,276,000 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 Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving. Sewing Sales (on credit) $590,000 188,000 $272,000 84,000 152,000 $ 1,350 000 375,000 1,650,000 90% 150% $ 4,500,000
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