Ryan 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: Beginning Inventory Ending Inventory Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory 55,500 100,500 $ 46,000 $ 54,850 123,500 143,300 100,100 24,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching Direct labor Direct labor-Cutting Direct labor-Stitching Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs Factory Overhead Bates. Cutting Stitching Sales $ 65,000 23,750 $ 19,600 78,400 $ 32,400 56,600 55,000 (150% of direct materials used) (120% of direct labor used) $570,000 General General Raw Cost of Cando Mfa Cost of Che Cost of