51,500 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: Beginning Ending Inventory Inventory Raw materials inventory $ 6,000 $ 9,250 Work in process inventory-Cutting 43,500 Work in process inventory-Stitching 63,389 60,500 Finished goods inventory 20,180 8,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 25,000 Direct materials used-cutting 21,750 Direct materials used-stitching Direct labor Direct labor-Cutting Direct labor-stitching $ 15,600 62,400 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $6,000 55,000 46,505 Factory Overhead Rates Cutting Stitching (50% of direct materials used) (120% of direct labor used) Sales $ 255,000 General General Cost of Cost of Requirement Trial Balance Raw Journal Goods Mfg Ledger Materials Goods Mfg Cutting Stitching Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Cost of Goods Sold Gross Profit Dates: Apr 30 to: Apr 30 Total manufacturing costs added during May Total cost of work in process Raw Materials Cost of Goods Mig Stitching 51,500 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: Beginning Ending Inventory Inventory Raw materials inventory $ 6,000 $ 9,250 Work in process inventory-Cutting 43,500 Work in process inventory-Stitching 63,389 60,500 Finished goods inventory 20,180 8,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 25,000 Direct materials used-cutting 21,750 Direct materials used-stitching Direct labor Direct labor-Cutting Direct labor-stitching $ 15,600 62,400 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $6,000 55,000 46,505 Factory Overhead Rates Cutting Stitching (50% of direct materials used) (120% of direct labor used) Sales $ 255,000 General General Cost of Cost of Requirement Trial Balance Raw Journal Goods Mfg Ledger Materials Goods Mfg Cutting Stitching Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May. Cost of Goods Sold Gross Profit Dates: Apr 30 to: Apr 30 Total manufacturing costs added during May Total cost of work in process Raw Materials Cost of Goods Mig Stitching