Required Information Problem 20-5A (Algo) Production cost flow and measurement; journal entrles LO P3, P4 [The following informetion applies to the questions alsployed below.] Sierv Compsny manufsctures soccer bols in two sequent ol processes: Cutting and Sthching. All alrect materisls enter procustion st the beginning of the cutting process. The fallowing informetion is evoliable regarding its Msy inventories. The following soditionsl informetion describes the compsny's producton activties for Msy. Problem 20-5A (Algo) Part 1 Required: 1. Compute the smount of (e) production costa transierred from Cutting to Stitching, (b) production costa transferred from Stitehing to finlahed goods, snd (c) cost of goods sold. Hint: Compute the totsl production costs in esch depertment end then subt/sct the ending inventory to get the smaunt trensferred out of esch deportment