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		53,500			65,500
Work in process inventoryStitching		73,300			63,600
Finished goods inventory		22,100			10,250

The following additional information describes the company's production activities for May.

Direct materials
Raw materials purchased on credit	$	30,000
Direct materials usedCutting		22,000
Direct materials usedStitching		0

Direct labor
Direct laborCutting	$	16,100
Direct laborStitching		64,400
Total factory payroll paid (in cash)		135,700

Factory Overhead (Actual costs)
Indirect materials used	$	7,200
Indirect labor used		55,200
Other overhead costs		48,000

Factory Overhead Rates
Cutting	(150% of direct materials used			)
Stitching	(120% of direct labor used			)
Sales	$296,000

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.

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. WIP - April 30 Direct materials - Cutting (Direct labor - Cutting Overhead - Cutting WIP - May 31 Work in Process (WIP) - Cutting 53,500 C of GM - Cutting 22,000 16,100 33,000 124,600 Work in Process (WIP) - Stitching 73,300 C of GM - Stitching WIP - April 30 C of GM - Cutting Direct labor - Stitching Overhead - Stitching WIP - May 31 64,400 77,280 214,980 Finished Goods (FG) 22,100 Cost of goods sold FG - April 30 c of GM - Stitching FG - May 31 22.100