Sierra Company manufactures soccer bolls in two sequential processes; Cutting and Stitching. All direct materiais enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: The following additional information describes the compary's production activities for May. Problem 16-1A Part 1 Required: 1. Compute the amount of (o) production costs transferred from Cutting to Stitching. (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold. Sierra Company manufactures soccer bolls in two sequential processes; Cutting and Stitching. All direct materiais enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: The following additional information describes the compary's production activities for May. Problem 16-1A Part 1 Required: 1. Compute the amount of (o) production costs transferred from Cutting to Stitching. (b) production costs transferred from Stitching to finished goods, and (c) cost of goods sold