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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Pro-Weave manufactures stadium blankets
Required information Use the following information for the Exercises below. (Algo) [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: Beginning Inventory Ending Inventory $ 257,000 370,000 920,000 Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory $194,000 360,000 605,000 1,336,000 1,426,000 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-Seving Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $ 600,000 198,000 $ 250,000 141,000 136,000 $ 1,200,000 575,000 1,775,000 858 1558 $ 4,100,000 Exercise 3-24 (Algo) Entries for transfer of goods across departments LO P4
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