Required information [The following information applies to the questions displayed below] Sierra Company manufacturos soccer balls in two sequential processes: Cutting and Stitching. All direct materiais enter production at the beginning of the cutting process. The following information is avallable regarding its May inventories. The following additional information describes the company's production activities for Moy. Required: 1. Compute the amount of (o) 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 costs in each department and then subtract the ending inventory to get the amount transferred out of each department