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Acct 202... idk what the other boxes are, help me fill them with explanations to how you got the answers! Required Information [The following information
Acct 202... idk what the other boxes are, help me fill them with explanations to how you got the answers!
Required Information [The following information applies to the questions displayed below) 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: Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $ 6,800 43,500 63,300 20, 100 Ending Inventory $ 9,250 51,500 60,5ee 8,25e 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 $ 25,000 21,75e Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid (in cash) $15.600 62,400 133,000 $ Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs head costs 6,000 55,000 47,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $256,000 Required: 1. Compute the amount of (a) production costs transferred from Cutting to Stitching. (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold. Ignore any over- or under-applied overhead in the calculation of cost of goods sold. u ting 3.000 000 Direct mat chases ololo Work In Process Sorte 000D FO OOO 250.000
Acct 202... idk what the other boxes are, help me fill them with explanations to how you got the answers!
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