that is all the information

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 Ending Inventory Inventory Work in process Inventory--Cutting 113,500 95,500 Work in process inventory Stitching 133,300 2,200 Finished goods Inventory 34,100 22,250 The following additional information describes the company's production activities for May Orect materials Raw materials purchased on credit Direct materials used-cutting Direct materials used-stitching $ 60,000 23,500 Direct labor Direct labor-cutting Direct lobor-stitching Total factory payroll paid (in cash) $ 19,100 26.400 151,900 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 28,00 56,400 54,000 Homework Saved Help Save & Che Required information 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) Homework Help Save Chec Problem 20-1A Part 2 2. Prepare summary journal entries dated May 31 to record the following production acties during My materials purchases by direct materials usage. I Indirect materials usage, la direct labor costs incurred, le indirect labor costs incurred payment of factory payroll, talathet overtread costs credit Other Accounts overhead applied to goods transferred from Cutting to Setching goods transferred from Sitching to finished goods, cost of goods sold and sales Journal entry worksheet 1 2 3 2 card purchase of raw material B 5 6 8 LE R T 0 P. D H