what is the cost of goods mfg cutting and stitching?

Drake Company manufactures soccer balls in two sequential processes Cutting and Suitching. Al direct materials enter production at the beginning of the Cutting process. The following information is available regarding its May inventories: Beginning Ending Inventory Inventory $126,000 $153,25e 283,500 63,500 Raw materials inventory Work in process inventory Cutting Work in process inventory Stitching Finished goods inventory 303, 300 260,100 180.se 56,250 The following additional information describes the company's production activities for May Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $145,000 27.750 Direct labor Direct labor-Cutting Direct laborStitching 110,400 Prey ft Next here to search 0 Bte DELL N Curl Help unrect materials used itening Direct labor Direct labor Cutting Direct Labor Stitching Total factory payroll paid (in cash) $ 27,600 119,480 197,880 Factory Overhead (Actual costs) Indirect materials used $90,000 Indirect labor used 59,800 Other overhead costs 71,000 Factory Overhead Rates Cutting (150% of direct materials used) Stitching (120% of direct labor used) Sales $1,216, eee Requirement General Trialace Materials Raw Materials Cost of Journal Ledger e Cost of Goods Mfg Cutting Cost of Goods stitching Gross Profit Prev 1 of 1 !!! Next to search o te DELL o ELR/TYULU 0 l/Folk cl v / BNL