Required information Problem 20-1A Production cost flow and measurement; journal entries LO P1, P2, P3, P4 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 Deginning Inventory $ 16,000 63,500 83,300 24,100 Ending Inventory $17.950 70.500 66,700 The following additional information describes the company's production activities for May. $35.000 Direct materials How Bateriale purchased on credit Direct materials used Cutting Direct materials used-stitching 22,250 Direct labor Direct laborCutting Direct labor-stitching Total factory payroll paid in cash) $ 16,600 66,400 138,400 Factory Overhead (hetul costs) Indirect materials used Indirect laborused Other yerhead costs 10,800 55,400 49.000 Factory Overhead rates Cuttinn Herp Sve & Exit Submit Check my work Tactory Overhead tas Cutting (1501 of direct materials used stitching 1201 of direct labor used) $136.000 Problem 20-1A Part 1 Required: 1. Comote the amount of all production costs transferred from Cutting to Sitching finished goods, and (c) cost of goods sold production costs transferred from Stitching to Raw Materials (RM) Werks Process (WIP). Stitching 20 - Homework 6 Help Save & Exit Submit Check my work Required information Work in Process (WIP) - Stitching Finished Cost of goods transferred to Finished and Cost of good old Required information Problem 20-1A Production cost flow and measurement; journal entries LO P1, P2, P3, P4 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 Deginning Inventory $ 16,000 63,500 83,300 24,100 Ending Inventory $17.950 70.500 66,700 The following additional information describes the company's production activities for May. $35.000 Direct materials How Bateriale purchased on credit Direct materials used Cutting Direct materials used-stitching 22,250 Direct labor Direct laborCutting Direct labor-stitching Total factory payroll paid in cash) $ 16,600 66,400 138,400 Factory Overhead (hetul costs) Indirect materials used Indirect laborused Other yerhead costs 10,800 55,400 49.000 Factory Overhead rates Cuttinn Herp Sve & Exit Submit Check my work Tactory Overhead tas Cutting (1501 of direct materials used stitching 1201 of direct labor used) $136.000 Problem 20-1A Part 1 Required: 1. Comote the amount of all production costs transferred from Cutting to Sitching finished goods, and (c) cost of goods sold production costs transferred from Stitching to Raw Materials (RM) Werks Process (WIP). Stitching 20 - Homework 6 Help Save & Exit Submit Check my work Required information Work in Process (WIP) - Stitching Finished Cost of goods transferred to Finished and Cost of good old