Carey 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: Raterials inventory Work in proces inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $131,000 293,500 313,300 270,100 Ending Inventory $159,400 64.000 185,500 58.250 The following additional information describes the company's production activities for May Direct materials materiale purchased on credit Direet materials used-cutting Diret materials used-stitching $150,000 28.000 Dit ut labor Direct labor-stitching Total factory payroll paid in cash Factory overhead totaal costat MacBook Pro DOUBAQBOOL Carey 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: Raterials inventory Work in proces inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $131,000 293,500 313,300 270,100 Ending Inventory $159,400 64.000 185,500 58.250 The following additional information describes the company's production activities for May Direct materials materiale purchased on credit Direet materials used-cutting Diret materials used-stitching $150,000 28.000 Dit ut labor Direct labor-stitching Total factory payroll paid in cash Factory overhead totaal costat MacBook Pro DOUBAQBOOL