4 Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Part 2 of 2 7.5 points eBook Print References Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Ending Inventory Inventory 173,500 125,500 193,300 100,800 46,100 34,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $ 90,000 25,000 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) Factory Overhead (Actual costs) Indirect materials used $ 50,400 Indirect labor used Other overhead costs 57,600 60,000 $ 22,100 88,400 168,100 Factory Overhead Rates Cutting Stitching Sales (150% of direct materials used) (120% of direct labor used) $776,000 Check my work