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:

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

Direct materials

Direct labor

Direct labor$-$Cutting $$15,600$

Direct labor$-$Stitching $62,400$

Factory Overhead $($Actual costs$)$

Factory Overhead Rates

Cutting $(150\%$ of direct materials used$)$

Stitching $(120\%$ of direct labor used$)$

Sales $$256,000$

Prepare a schedule of cost of goods manufactured for the Cutting Department for the month of May.