pls help? 
(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 $ 46.89 123,5ee 143, 389 36,100 Ending Inventory $ 54.850 100, 500 85,390 24,250 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 $ 65,000 23,750 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 19,689 78.400 154,600 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 32,400 56,689 55,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $576,000 Raw Materials (RM) 46,000 65,000 23.750 32.400 Work in Process (WIP) - Cutting 123.500 23.7501 19.600 54,850 108.8501 Factory Wages Payable Work in Process (WIP) - Stitching 143,300 78.400 50.800 221,700 58.600 Finished Goods (FG) 36,1001 Factory Overhead 32.400 50.600 55,000 144.000 38.1001 578.000 Income Statement (Partial) Sales $ Cost of goods sold Gross profit $ Cost of goods transferred to Finished Goods Cost of goods sold 576,000 C of GM - Cutting C of GM - Stitching Cost of goods sold Direct labor - Cutting Direct labor - Stitching Direct materials - Cutting Direct materials - Stitching FG - April 30 FG - May 31 Indirect labor used Indirect materials used Other overhead costs Overhead - Cutting Overhead - Stitching RM - April 30 RM - May 31 RM purchases Sales Total factory payroll Total factory payroll Underapplied overhead - Cutting Underapplied overhead - Stitching WIP - April 30 WIP - May 31 Sierra Company manufactures soccer balis in two sequential processes: Cutting and Sutching. All direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May Inventories R aterials Inventory Work in process Inventory-Cutting Work in process Inventory-Stitching Finished goods inventory Beginning Tentory $46.889 123.s.ee 143.3ee Ending Inventory $ 54,898 109.se 85. The following additional information describes the company's production activities for May Direct aterials Raw materials purchased on credit Direct materials used-cutting Oireetwaterials used-stitching Direct labor Darect labor-cutting Direct labor-stitching Total factory payroll paid $ 19.00 79.409 in caso ) tory overhead (Alto Lorect materials forlies or used uverted costs o 22 of direct ateriat used 12e of direct la 56.000 Required 1. Compa r ati ined good endido o n costs transferred from Cung 1: Satching de production or transferred from Stitching to Required 1. Compute the amount of production costs transferred from Cutting to Sunching, finished goods and cost of goods sold. produktion costs transferred from Satching to 000 BOCSO in Proce 143300 ULIT IIIIIIIIII 1111111 MULL KIT LLLL LILIT IS TIITTIILIT TUTUL L2 LIITTI Fished LIT U 1 TIP 88
