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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 $ 126,000 $193,000 360,000 775,000 1,266,000 475,000 645,000 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 Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $660,000 184,000 $256,000 114,000 168,000 $ 1,250,000 475,000 1,775,000 80% 170% $ 4,650,000 Required: 1. Compute the fal cost of products transferred from weaving to sewing. (b) cost of products transferred from sewinn to finished
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