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 InventoryEndingInventoryRaw materials inventory$ $106,000$$$128,650$Work in process inventory$-$Cutting$243,500160,500$Work in process inventory$-$Stitching$263,300122,500$Finished goods inventory$60,10048,250$The following additional information describes the company's production activities for May.Direct materialsRaw materials purchased on creditDirect materials used$-$CuttingDirect materials used$-$Stitching$ $125,00026,7500$Direct laborDirect labor$-$CuttingDirect labor$-$Stitching$ $25,600102,400$Factory Overhead $($Actual costs$)$Indirect materials usedIndirect labor usedOther overhead costs$ $75,60059,00067,000$Factory Overhead Rates.CuttingStitching$150\%$ of direct materials used$120\%$ of direct labor usedSales$ $1,056,000$

Compute The amount of production cost transferred from cutting to stitching $.$production cost transferred from stitching to finished goods. and cost of good sold. prepare May $31$ Journal entries to record the following May activities, raw material, purchases, direct materials, used, indirect materials, used, direct labor used, indirect labor used, other overhead costs paid in cash, overhead applied, good, transferred from cutting to stitching, good, transferred from stitching to finished goods, sales on account, cost of good sold $.$ Please do in table format and do correctly please