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Problem 16.1A Production cost flow and measurement; journal entries LO P1, P2, P3, P4 (The following information applies to the questions displayed below) Slema Company manufactures soccer balls in two sequential processes: Cutting and Stttching. All direct materlals enter production at the beginning of the Cutting process. The following information is avallable regarding its May Inventorles: The following additional information describes the company's production activities for May. Problem 16-1A Port 1 Required: 1. Combute the amount of ia) Droduction costs transferred from Cuttina to Stitchina. (b) broduction costs transferred from Sutchind to Required: 1. Compute the amount of (a) production costs transferred from Cutting to Sttiching. (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold