Required information [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: The following additional information describes the company's production activities for May. quired: Compute the amount of (a) production costs transferred from Cutting to Stitching, (b) production costs transferred from itching to finished goods, and (c) cost of goods sold. Hint: Compute the total production costs in each department and en subtract the ending inventory to get the amount transferred out of each department