Required information Problem 20.5A (Algo) Production cost flow and measurement; journal entries LO P3, P4 [The following information applies to the questions displayed below] Sierra Company manutactures 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. The following additional information describes the company's production activites for May. The following additional information describes the company's production activities for May. Required: 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 cosis in each department and then subtract the ending Inventory to get the amount transfened out of each deportment