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please solve asap!!!! PROBLEM Wilson Sports, which produces basketballs, has two departments Cutting and Stitching. Each department has one direct-cost category (direct materials) and one

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please solve asap!!!!
PROBLEM Wilson Sports, which produces basketballs, has two departments Cutting and Stitching. Each department has one direct-cost category (direct materials) and one indirect-cost category (conversion costs). This problem focuses on the Stitching Department. Basketballs that have undergone the cutting process are immediately transferred to the Stitching Department. STITCHING DEPARTMENT Direct material is added when the stitching process is 50% complete. Conversion costs are added evenly during stitching operations. When those operations are done, the basketballs are immediately transferred to Finish Goods. Beginning Inventory in the Stitching Department contains 16,000 basketballs that are 60% complete. The costs associated with Beginning Inventory include $44.340 of transferred in cost, $8,240 direct materials, and $14.080 conversion costs. Ending Work In Process Inventory contains 21,500 basketballs that are 30% complete. Additional information during March for Stitching is as follows: 1. 53,470 basketballs with costs of $152,920 were transferred in from the cutting department 2. Materials purchased on account were $44,350 3. Materials used were $29,340 4. Labor incurred was $40,340; Overhead incurred was $50,210 5. Conversion is applied to production REQUIRED: 1. Journalize the March transactions related to the Stitching Department (ie. JE's for items 1-5 above) 2. Prepare a cost production report for the Stitching Department, assuming Weighted Average; and prepare the journal entry for the March transfer from the Stitching Department to Finished Goods. 3. Prepare a cost production report for the Stitching Department, assuming FIFO, and prepare the journal entry for the March transfer from the Stitching Department to Finished Goods

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