Required information Use the following information for the Exercises below. (Static) [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 $ 120,000 300,000 Ending Inventory $ 185,000 330,000 700,000 1,206,000 570,000 1,266,000 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). $ 500,000 156,000 $ 240,000 75,000 120,000 $ 1,200,000 360,000 1,224,000 80% 150x $4,000,000