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 213,500 145,500 Work in process inventoryStitching 233,300 113,200 Finished goods inventory 54,100 42,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 110,000 Direct materials usedCutting 26,000 Direct materials usedStitching 0 Direct labor Direct laborCutting $ 24,100 Direct laborStitching 96,400 Total factory payroll paid (in cash) 178,900 Factory Overhead (Actual costs) Indirect materials used $ 64,800 Indirect labor used 58,400 Other overhead costs 64,000 Factory Overhead Rates Cutting (150% of direct materials used ) Stitching (120% of direct labor used ) Sales $936,000 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.