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 Work in process inventory-Cutting work in process inventory-titching Finished goods inventory Inventory Inventary 173,500 193,300 100,000 46,100 125,500 34,350 The following additional information describes the company's production activities for May. Direct al aw naterials purchased co credit Direct materials - Direct materials used-dtitching $90,000 23,000 Dit labor Direct labor-Cutting Direct labor-titebing Total factory payroll paid in cash) Factory Overhead (salt) Indirect materials used Indirect labor ed Other overhead costa Factory Overhead hates cutting ching Required N 2 3 22.100 ,400 168,100 $50,400 37,400 60,000 (150 of direct materiale sand) (120 of direct labor used) 1776,000 80 93 $ 4 4 < Pre 95 % FS 34 Next >