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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 materlals enter production at the beginning of the cutting process. The following information is available regarding its May inventories. The following additional information describes the company's production activities for May. equired: Compute the amount of (a) production costs transferred from Cutting to Stitching. (b) production costs transferred from Stitching to ished goods, and (c) cost of goods sold. Hint: Compute the total production costs in each department and then subtract the ending ventory to get the amount transferred out of each department