production at the beginning of the cutting process. The following information is avallable regarding its May inventories. The following additionai information describes the company's production activities for May. Problem 3-5A (Algo) Part 1 Requlred: 1. Compute the amount of (a) production costs transferred from Cutting to Stitching, (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold. Hint Compute the total production costs in each department and then subtract the ending Inventory to get the amount transferred out of each department