Williams 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 $ 136,000 $ 165,550 Work in process inventoryCutting 303,500 64,500 Work in process inventoryStitching 323,300 190,500 Finished goods inventory 280,100 60,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 155,000 Direct materials usedCutting 28,250 Direct materials usedStitching 0 Direct labor Direct laborCutting $ 28,600 Direct laborStitching 114