[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
Work in process inventoryCutting		43,500			51,500
Work in process inventoryStitching		63,300			60,500
Finished goods inventory		20,100			8,250

The following additional information describes the company's production activities for May.

Direct materials
Raw materials purchased on credit	$	25,000
Direct materials usedCutting		21,750
Direct materials usedStitching		0

Direct labor
Direct laborCutting	$	15,600
Direct laborStitching		62,400
Total factory payroll paid (in cash)		133,000

Factory Overhead (Actual costs)
Indirect materials used	$	6,000
Indirect labor used		55,000
Other overhead costs		47,000

Factory Overhead Rates
Cutting	(150% of direct materials used			)
Stitching	(120% of direct labor used			)
Sales	$256,000

rev: 01_28_2020_QC_CS-197408

Required: 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. Ignore any over- or under-applied overhead in the calculation of cost of goods sold.