Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production a the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Ending Inventory Inventory Raw materials inventory $ 6,000 $ 9.250 Work in process inventory-cutting 43,500 51,500 Work in process inventory-stitching 63,300 50,500 Finished goods inventory 20,100 8,250 The following additional information describes the company's production activities for May. Direct Iaterials How materiale purchased on credit $ 25,000 Direct materials used-cutting 21.750 Direct materials used-stitching Direct labor Direct Labor-cutting Direct labot-titching 5 15.600 52.400 Tatoy over the conta Indirect materials used Indirect chord O overhead but $ 5.000 55.000 46505 Tattory overhadat Cutting 01301 or direct resu 125 of dut labore Requirement General Journal General Ledger Trial Balance Raw Materials Cost of Cost of Goods Mfg Goods Mfg Cutting Stitching Cost Goods Verify the ending balance in raw materials inventory. Materials used should be indica ces Beginning Raw Materials Inventory Materials available for use Ending raw material inventory eneral Ledger Other chan CRC 46,505 W oth Cutting stitching 150 o material (120 of director . Ger Cet of Terment G Cast of Goods God God Journal Ledger M Cutting Stitching Prepare a schedule of cost of good manufactured for Cutting Department for the De Age 30 sonic tt 3 4 5 6 6 & 7 W E R . Y S D G F G H V B her overhead COSE actory Overhead Rates atting titching (1508 of direct materials used) 11201 of direct labor used $ 256,000 General Journal General Lindger Bequirement Trial Balance Cost of Goods Mlg Cutting Raw Materials Cor Good Stic Prepare a schedule of cost of goods manufactured for the Stitching Depart Date Transferred in from Cutting for aborted Cadorothead hoplind Total ang costs and caring thay To Be Worces inventory Total cost of we 63300 61,200 0 500 2100 Cost of good Confedeling Goto 20 So 2 # 3 $ 4 % 5 W E R. . Y Y Y S D F G GA 20,100 Calculate cost of goods sold: Beginning finished goods inventory Cost of goods manufactured Cost of goods available for sale 'Ending finished goods inventory Cost of goods sold (8,250) 213,905 $