Required Information [The following information applles to the questions displayed below.] Slerra Company manufactures soccer balls in two sequentlal processes: Cutting and Stltching. All direct materlals enter production at the beginning of the cutting process. The following Information Is avallable regarding Its May Inventorles. The following additional Information describes the company's production actlvities for May. Required: . Compute the amount of (a) production costs transferred from CuttIng to Stltching, (b) production costs transferred from StltchIng to inished goods, and (c) cost of goods sold. Hint: Compute the total production costs in each department and then subtract the ending nventory to get the amount transferred out of each department