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: Work in process inventory-Cutting Work in process inventory-stitching Finished goods inventory Beginning Ending Inventory Inventory 213,500 145,500 233,300 113,200 54,100 42,250 The following additional information describes the company's production activities for May Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $110,000 26,000 0 Direct labor Direct labor-Cutting Direct labor-stitching Total factory payroll paid (in cash) $ 24,100 96,400 178.900 Factory Overhead (Actual costa) Indirect materials used Indirect labor used Other overhead coats $ 64,800 58,400 64,000 Factory Overhead Rates Cutting (150) of direct materials used) stitching (1209 of direct labor uned) Sales 5936.000 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. Work in Process (WIP) - Cutting Work in Process (WIP) - Stitching Finished Goods (FG)