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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:

Chapter 16 Connect Homework Assignment 0 Saved Help Save 8. Exit Submit [The following information applies to the questions displayed below] 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 PoI11 of2 inventories: Beginning Ending Inventory Inventory 5 Work in process inventoryCutting 53,588 65,588 points Work in process inventoryStitching 73,388 63,688 Finished goods inventory 22,188 18,258 eBook The following additional information describes the company's production activities for May. Print Direct materials References Raw materials purchased on credit $ 38,888 Direct materials usedCutting 22,888 Direct materials usedStitching 8 Direct labor Direct laborCutting $ 16,188 Direct laborStitching 64,488 Total factory payroll paid (in cash) 135,788 M: ("4'3 ll?\" rst! 1 2 of 3 Next > Education Chapter 16 Connect Homework Assignment 0 1 Part1 on 5 points eBook Print References Save & Exit Submit Check my work A Saved Help Factory Overhead (Actual costs) Indirect materials used $ 7,288 Indirect labor used 55,286 Other overhead costs 48,686 Factory Overhead Rates Cutting (156% of direct materials used) Stitching (128% of direct labor- used) Sales $296,969 Required: 1. Compute the amount of (a) production costs transferred from Cutting to Stitching, 03) production costs transferred from Stitching to finished goods, and (c) cost of goods sold. IP-Aprnao moo Overhead - Cutting Chapter 16 Connect Homework Assignment i Saved Help Save & Exit Submit Check my work Required information Overhead - Cutting 33,000 Part 1 of 2 WIP - May 31 124,600 Work in Process (WIP) - Stitching 5 points eBook Print References Finished Goods (FG) Mc Graw Education