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References Kequnreo Imormauon Sierra Company manufactures soccer balls in two sequentia Beginning Inventory Raw materials inventory 9) 26,000 Work in process inventoryCutting 83,500 Work in
References Kequnreo Imormauon Sierra Company manufactures soccer balls in two sequentia Beginning Inventory Raw materials inventory 9) 26,000 Work in process inventoryCutting 83,500 Work in process inventoryStitching 103,300 Finished goods inventory 28,100 Direct materials Raw materials purchased on credit $ 45,000 Direct materials usedCutting 22,750 Direct materials usedStitching 0 Direct labor Direct laborCutting $ 17,600 Direct laborStitching 70,400 Factory Overhead (Actual costs) Indirect materials used $ 18,000 Indirect labor used 55,800 Other overhead costs 51,000 Factory Overhead Rates [The following information applies to the questions displayed below] l 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. Ending Inventory $ 30 , 250 80, 500 72 , 900 16, 250 The following additional information describes the company's production activities for May. Cutting 1509s of direct materials used Stitching 120% of direct labor used Sales .7 416,000 Required: 1. Compute the amount of (a) production costs transferred from Cutting to Stitching, (b) production costs transferred from Stitching to \"-14.-.. M-..\" a-.. M \"M \"Mi..- M... m-.. Ind-..\" n.\" he. __-_.,....:-_ M-.- l- M-.. anon\"; -__. a\"- -..u---. u.\" in\"-.. 0')
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