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: Beginning Inventory Ending Inventory Work in process inventoryCutting 83,500 80,500 Work in process inventoryStitching 103,300 72,900 Finished goods inventory 28,100 16,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 45,000 Direct materials usedCutting 22,750 Direct materials usedStitching 0 Direct labor Direct laborCutting $ 17,600 Direct laborStitching 70,400 Total factory payroll paid (in cash) 143,800 Factory Overhead (Actual costs) Indirect materials used $ 18,000 Indirect labor used 55,800 Other overhead costs 51,000 Factory Overhead Rates Cutting (150% of direct materials used )

Stitching (120% of direct labor used ) Sales $416,000 rev: 01_28_2020_QC_CS-197408 Required: 1. Compute the amount of (a) production costs transferred from Cutting to Stitching, (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold. rev: 09_23_2019_QC_CS-182216