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 inventories. Beginning Inventory Ending Inventory Raw materials inventory $ 101,000 $ 122,500 Work in process inventoryCutting 233,500 155,500 Work in process inventoryStitching 253,300 119,400 Finished g